Braemar Plc Executes Share Buyback on LSE

The latest update is out from Braemar Shipping Services ( (GB:BMS) ).

Braemar Plc announced the purchase of 14,000 ordinary shares at 231 pence each as part of its Share Buyback Programme on the London Stock Exchange. This transaction reduces the total number of shares in circulation to 32,842,877, 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 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 and trades under the symbol BMS.

Average Trading Volume: 54,632

Technical Sentiment Signal: Sell

Current Market Cap: £75.21M

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