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An announcement from Braemar Shipping Services ( (GB:BMS) ) is now available.
Braemar Plc announced the purchase of 32,000 ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares. This transaction, executed on the London Stock Exchange, reduces the total number of shares in issue to 32,374,426, 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 demonstrates strong valuation and positive corporate events, including strategic initiatives like share buybacks and international expansion. While its financial performance is solid, technical indicators show weak momentum, balancing the overall outlook.
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, focusing on sustainable returns and risk mitigation in the volatile shipping industry. Braemar has been listed on the London Stock Exchange since November 1997, trading under the symbol BMS.
Average Trading Volume: 87,474
Technical Sentiment Signal: Sell
Current Market Cap: £66.3M
See more insights into BMS stock on TipRanks’ Stock Analysis page.