Braemar Plc Executes Share Buyback, Cancels 21,000 Shares

Braemar Shipping Services ( (GB:BMS) ) just unveiled an update.

Braemar Plc announced the purchase of 21,000 ordinary shares at 234 pence each as part of its Share Buyback Programme, with plans to cancel these shares. This transaction, executed on the London Stock Exchange, reduces the total number of shares in issue to 32,727,877, potentially impacting 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 advice in shipping investment, chartering, and risk management, helping clients secure sustainable returns and mitigate risks in the volatile shipping industry. The company, which joined the London Stock Exchange in 1997 under the symbol BMS, offers integrated services through experienced brokers and specialist professionals.

Average Trading Volume: 65,653

Technical Sentiment Signal: Sell

Current Market Cap: £75.45M

Learn more about BMS stock on TipRanks’ Stock Analysis page.