Braemar Plc Executes Share Buyback as Part of Strategic Programme

An update from Braemar Shipping Services ( (GB:BMS) ) is now available.

Braemar Plc has announced the purchase of 4,000 ordinary shares as part of its Share Buyback Programme, with the shares bought at a consistent price of 230 pence each on the London Stock Exchange. The company intends to cancel these shares, reducing the total number of shares in issue, which may affect shareholder calculations under the Financial Conduct Authority’s rules.

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, which joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS, offers integrated services through experienced brokers and specialist professionals to help clients secure sustainable returns and mitigate risks in the volatile shipping industry.

Average Trading Volume: 54,539

Technical Sentiment Signal: Sell

Current Market Cap: £74.98M

See more insights into BMS stock on TipRanks’ Stock Analysis page.