Braemar Plc Initiates £2 Million Share Buyback Programme

Braemar Shipping Services ( (GB:BMS) ) has issued an update.

Braemar Plc has announced the commencement of a share buyback programme worth up to £2.0 million, reflecting the board’s confidence in the company’s cash generation capabilities and strong balance sheet. This programme aims to reduce the company’s share capital and enhance earnings per share, leveraging favorable market conditions to repurchase shares. The buyback will be managed by Canaccord Genuity Limited and is set to conclude by 30 September 2025, subject to shareholder approval.

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

Average Trading Volume: 47,199

Technical Sentiment Signal: Buy

Current Market Cap: £83.27M

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