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Braemar Shipping Services ( (GB:BMS) ) has shared an update.
Braemar Plc has executed a share buyback, purchasing 29,000 ordinary shares at a price of 215 pence each on the London Stock Exchange. The company plans to cancel these shares, impacting the total number of shares in issue, which now stands at 32,537,877. This move is part of Braemar’s ongoing Share Buyback Programme, reflecting its strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:BMS) stock is a Buy with a £410.00 price target. To see the full list of analyst forecasts on Braemar Shipping Services stock, see the GB:BMS Stock Forecast page.
Spark’s Take on GB:BMS Stock
According to Spark, TipRanks’ AI Analyst, GB:BMS is a Neutral.
Braemar Shipping Services shows a stable financial condition with moderate profitability and sound financial management, though cash flow challenges exist. The valuation is appealing with a reasonable P/E ratio and high dividend yield. Technical analysis presents mixed signals, with potential short-term bearish momentum. Recent corporate events indicate strong resilience and positive long-term prospects despite geopolitical challenges.
To see Spark’s full report on GB:BMS stock, click here.
More about Braemar Shipping Services
Braemar Plc is a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets. The company offers integrated services through experienced brokers and specialist professionals, aiming to secure sustainable returns and mitigate risks for its clients. Braemar is listed on the London Stock Exchange under the symbol BMS.
Average Trading Volume: 78,878
Technical Sentiment Signal: Sell
Current Market Cap: £68.23M
For a thorough assessment of BMS stock, go to TipRanks’ Stock Analysis page.