Braemar Plc Executes Share Buyback to Optimize Capital Structure

The latest update is out from Braemar Shipping Services ( (GB:BMS) ).

Braemar Plc announced the purchase of 9,000 ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move will reduce the number of shares in circulation to 32,896,877, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules. The company will continue to make further announcements regarding additional purchases in the future.

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 to the shipping and energy markets. The company aims to help clients secure sustainable returns and mitigate risks in the volatile shipping industry through its experienced brokers and specialist professionals. Braemar has been listed on the London Stock Exchange since November 1997 and operates under the symbol BMS.

Average Trading Volume: 54,065

Technical Sentiment Signal: Sell

Current Market Cap: £77.27M

For a thorough assessment of BMS stock, go to TipRanks’ Stock Analysis page.