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Braemar Shipping Services ( (GB:BMS) ) has shared an update.
Braemar Plc announced the purchase of 26,000 ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move will adjust the number of shares in issue to 32,338,426, impacting shareholder calculations under the Financial Conduct Authority’s rules. The buyback aims to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.
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 benefits from strong financial performance and strategic corporate actions like share buybacks and expansion into Africa. Technical indicators suggest caution, but the valuation is compelling with a high dividend yield.
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 enables its clients to secure sustainable returns and mitigate risk in the volatile world of shipping through its experienced brokers and specialist professionals. Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.
Average Trading Volume: 86,491
Technical Sentiment Signal: Sell
Current Market Cap: £69.58M
Learn more about BMS stock on TipRanks’ Stock Analysis page.