Braemar Plc Executes Share Buyback to Optimize Capital Structure

Braemar Shipping Services ( (GB:BMS) ) has issued an announcement.

Braemar Plc has announced a purchase of 11,000 ordinary shares at a price of 230 pence each as part of its Share Buyback Programme. The company intends to cancel these shares, reducing the total number of shares in issue to 32,905,877. This move is part of Braemar’s strategy to manage its share capital and potentially enhance shareholder value.

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 supported by a collaborative culture, helping 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: 54,065

Technical Sentiment Signal: Sell

Current Market Cap: £77.27M

Find detailed analytics on BMS stock on TipRanks’ Stock Analysis page.