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Braemar Plc Executes Share Buyback to Optimize Capital Structure

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Braemar Plc Executes Share Buyback to Optimize Capital Structure

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Braemar Shipping Services ( (GB:BMS) ) just unveiled an update.

Braemar Plc announced the purchase of 29,000 ordinary shares as part of its Share Buyback Programme, with the shares bought at prices ranging from 210 to 211 pence each. This transaction, conducted through Canaccord Genuity Limited on the London Stock Exchange, aims to cancel the shares, affecting the total number of shares in circulation and potentially impacting shareholder 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 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 in 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 joined the London Stock Exchange in 1997 and trades under the symbol BMS.

Average Trading Volume: 79,546

Technical Sentiment Signal: Sell

Current Market Cap: £66.43M

For detailed information about BMS stock, go to TipRanks’ Stock Analysis page.

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