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An announcement from Braemar Shipping Services ( (GB:BMS) ) is now available.
Braemar Plc announced the purchase of 5,000 ordinary shares at a price of 254 pence each 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 32,235,451, 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 Outperform.
Braemar Shipping Services scores well due to strong technical indicators and proactive corporate strategies, including share buybacks and geographic expansion. The financial performance is solid, though attention to liabilities is necessary. The valuation is reasonable, supporting a positive 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: 95,573
Technical Sentiment Signal: Strong Buy
Current Market Cap: £78.18M
Learn more about BMS stock on TipRanks’ Stock Analysis page.