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The latest update is out from Braemar Shipping Services ( (GB:BMS) ).
Braemar Plc has executed a purchase of 20,000 ordinary shares at a price of 235 pence each as part of its Share Buyback Programme. This transaction, conducted on the London Stock Exchange, will result in the cancellation of the shares, reducing the total number of shares in issue to 32,318,426. This move is part of Braemar’s ongoing strategy to manage its share capital effectively, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.
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 in a strong financial position with effective cash management and consistent revenue growth. Its low valuation and high dividend yield make it attractive, while proactive corporate strategies enhance shareholder value. Technical indicators are mixed, suggesting potential consolidation 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 enables its clients to secure sustainable returns and mitigate risk in the volatile world of shipping through its experienced brokers and specialist professionals. Braemar is listed on the London Stock Exchange under the symbol BMS.
Average Trading Volume: 89,002
Technical Sentiment Signal: Sell
Current Market Cap: £70.49M
For an in-depth examination of BMS stock, go to TipRanks’ Overview page.