Braemar Plc Executes Share Buyback to Optimize Capital Structure

Braemar Shipping Services ( (GB:BMS) ) just unveiled an update.

Braemar Plc has announced the repurchase of 14,000 ordinary shares as part of its Share Buyback Programme, with the transactions conducted on the London Stock Exchange. The shares were bought at prices ranging from 232 to 233 pence and will be cancelled, reducing the total number of shares in issue to 32,748,877. 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 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 prominent 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, focused on securing sustainable returns and mitigating risks for its clients. Braemar has been listed on the London Stock Exchange since November 1997, trading under the symbol BMS.

Average Trading Volume: 64,107

Technical Sentiment Signal: Sell

Current Market Cap: £72.69M

For an in-depth examination of BMS stock, go to TipRanks’ Overview page.