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Braemar Shipping Services ( (GB:BMS) ) has provided an update.
Braemar Plc announced the purchase of 10,000 ordinary shares at a price of 255 pence each as part of its Share Buyback Programme. The shares were acquired from Canaccord Genuity Limited on the London Stock Exchange and will be canceled, reducing the total number of shares in issue to 32,259,986. This move is part of the company’s strategy to manage its share capital and could impact shareholder calculations regarding their interest in the company.
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 Outperform.
Braemar Shipping Services demonstrates strong financial performance and strategic corporate actions, such as share buybacks and geographic expansion, which enhance shareholder value. While technical indicators show bullish momentum, potential overvaluation and increasing liabilities require cautious optimism.
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 to help clients secure sustainable returns and mitigate risks in the volatile shipping industry. Braemar has been listed on the London Stock Exchange since November 1997 and trades under the symbol BMS.
Average Trading Volume: 91,744
Technical Sentiment Signal: Strong Buy
Current Market Cap: £77.75M
See more insights into BMS stock on TipRanks’ Stock Analysis page.