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Braemar Shipping Services ( (GB:BMS) ) just unveiled an update.
Braemar Plc has executed a share buyback program, purchasing 29,000 ordinary shares at a price of 220 pence each on the London Stock Exchange. The company plans to cancel these shares, reducing the total number of shares in issue to 32,449,877. This move is part of a broader 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 Outperform.
Braemar Shipping Services is positioned favorably due to strong corporate events and valuation metrics. Despite technical challenges, the stock’s financial performance and strategic initiatives, such as share buybacks, enhance its attractiveness.
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 aims to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping, utilizing experienced brokers and specialist professionals to offer integrated services.
Average Trading Volume: 78,802
Technical Sentiment Signal: Sell
Current Market Cap: £68.96M
For an in-depth examination of BMS stock, go to TipRanks’ Overview page.