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Braemar Shipping Services ( (GB:BMS) ) has issued an announcement.
Braemar Plc announced the purchase of 22,000 ordinary shares at a price of 225 pence each as part of its Share Buyback Programme. The company intends to cancel these shares, which will adjust the number of shares in issue to 32,153,451. This move is part of Braemar’s strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:BMS) stock is a Hold with a £244.00 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 has a strong financial foundation and attractive valuation, but technical indicators suggest bearish momentum. The stock’s reasonable P/E ratio and solid dividend yield are positive, yet the current market sentiment and price trends indicate caution.
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 offers integrated services through experienced brokers and specialist professionals, aiming to secure sustainable returns and mitigate risks for its clients. Braemar has been listed on the London Stock Exchange since November 1997 and trades under the symbol BMS.
Average Trading Volume: 112,660
Technical Sentiment Signal: Sell
Current Market Cap: £71.89M
For detailed information about BMS stock, go to TipRanks’ Stock Analysis page.