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Braemar Shipping Services ( (GB:BMS) ) just unveiled an update.
Braemar Plc announced the repurchase of 22,000 ordinary shares at a price of 233 pence each as part of its Share Buyback Programme. The company plans to cancel these shares, reducing the total number of shares in issue to 32,705,877. This strategic move is likely to impact the company’s market positioning by potentially increasing shareholder value and adjusting the share capital structure.
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, aiming to secure sustainable returns and mitigate risks for its clients. Braemar has been listed on the London Stock Exchange since November 1997 under the symbol BMS.
Average Trading Volume: 73,558
Technical Sentiment Signal: Sell
Current Market Cap: £71.32M
Find detailed analytics on BMS stock on TipRanks’ Stock Analysis page.