Balfour Beatty Advances Share Buyback Program

Balfour Beatty ( (GB:BBY) ) has provided an announcement.

Balfour Beatty announced the repurchase of 62,000 ordinary shares as part of its ongoing share buyback program. The shares were purchased at an average price of 630.4211 pence and will be held in treasury, reducing the number of shares in issue to 495,590,791. This move is part of a larger strategy where the company has repurchased over 21 million shares, impacting the total number of voting rights and potentially influencing shareholder interests.

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. Balfour Beatty has a history of delivering iconic buildings and infrastructure globally, including projects like Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.

Average Trading Volume: 1,147,796

Technical Sentiment Signal: Buy

Current Market Cap: £3.08B

For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.