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An announcement from Braemar Shipping Services ( (GB:BMS) ) is now available.
Braemar Plc has announced the purchase of 3,940 ordinary shares at a price of 251 pence each as part of its Share Buyback Programme. The company plans to cancel these shares, which will result in a total of 32,314,486 shares remaining in issue on the London Stock Exchange. This move is part of Braemar’s strategy to manage its capital structure and may impact 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 benefits from a strong financial foundation and attractive valuation metrics. The company’s proactive corporate events, such as share buybacks and strategic expansion, significantly bolster its market position. While technical indicators are mixed, they do not overshadow the firm’s fundamental strengths and strategic initiatives.
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 help clients secure sustainable returns and mitigate risks in the volatile shipping industry through a collaborative approach involving experienced brokers and specialist professionals. Braemar has been listed on the London Stock Exchange since November 1997 under the symbol BMS.
Average Trading Volume: 91,998
Technical Sentiment Signal: Buy
Current Market Cap: £76.84M
Learn more about BMS stock on TipRanks’ Stock Analysis page.