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Braemar Shipping Services ( (GB:BMS) ) just unveiled an announcement.
Braemar Plc has announced the purchase of 20,000 ordinary shares as part of its Share Buyback Programme, with the shares being acquired at a volume-weighted average price of 229.86 pence. The company intends to cancel these shares, reducing the total number of shares in issue to 32,070,451. 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 to help clients achieve sustainable returns and mitigate risks in the volatile shipping industry. Braemar is listed on the London Stock Exchange under the symbol BMS.
Average Trading Volume: 110,462
Technical Sentiment Signal: Sell
Current Market Cap: £70.17M
See more insights into BMS stock on TipRanks’ Stock Analysis page.