TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Braemar Shipping Services ( (GB:BMS) ) has issued an announcement.
Braemar Plc announced the purchase of 26,000 ordinary shares at a price of 234 pence each as part of its Share Buyback Programme. The company intends to cancel these shares, reducing the total number of shares in issue to 32,090,451. This move is part of Braemar’s strategy to manage its share capital effectively, which may impact shareholder calculations regarding their interest in the company.
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, focusing on sustainable returns and risk mitigation in the volatile shipping industry. Braemar has been listed on the London Stock Exchange since November 1997 under the symbol BMS.
Average Trading Volume: 115,875
Technical Sentiment Signal: Hold
Current Market Cap: £71.84M
For detailed information about BMS stock, go to TipRanks’ Stock Analysis page.