Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Balfour Beatty ( (GB:BBY) ) has issued an announcement.
Balfour Beatty has announced a recent transaction in its share buyback program, purchasing 62,353 ordinary shares at an average price of 635.4557 pence per share. These shares will be held in treasury, with the total number of voting rights in the company now standing at 495,711,918. This move is part of a larger buyback initiative, which has seen the company repurchase over 21 million shares, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:BBY) stock is a Buy with a £688.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.
Spark’s Take on GB:BBY Stock
According to Spark, TipRanks’ AI Analyst, GB:BBY is a Outperform.
Balfour Beatty’s overall stock score is driven by strong financial performance and positive technical indicators. The company’s robust cash flow and stable balance sheet are significant strengths. While the stock shows bullish momentum, the high RSI suggests caution due to potential overbought conditions. The valuation is reasonable but not particularly compelling, which slightly tempers the overall score.
To see Spark’s full report on GB:BBY stock, click here.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 27,000 employees. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. Notable projects include the Hinkley Point C nuclear power station in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
Average Trading Volume: 1,153,535
Technical Sentiment Signal: Buy
Current Market Cap: £3.11B
See more data about BBY stock on TipRanks’ Stock Analysis page.