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Braemar Shipping Services ( (GB:BMS) ) has shared an announcement.
Braemar Plc announced the purchase of 13,451 ordinary shares at a price of 213 pence each as part of its Share Buyback Programme. This transaction, conducted through Canaccord Genuity Limited on the London Stock Exchange, aims to reduce the number of shares in circulation, potentially increasing shareholder value. The company plans to cancel these shares, which will affect the total number of shares available for trading and may influence shareholder interest calculations under regulatory guidelines.
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’ overall stock score is driven by robust financial performance and attractive valuation. Corporate events contribute positively by indicating strategic growth and capital management. However, bearish technical indicators suggest caution in the short term.
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 to help clients secure sustainable returns and mitigate risks 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: 84,811
Technical Sentiment Signal: Sell
Current Market Cap: £66.05M
See more data about BMS stock on TipRanks’ Stock Analysis page.