Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Balfour Beatty ( (GB:BBY) ) has shared an update.
Balfour Beatty announced the purchase of 60,613 of its ordinary shares as part of its ongoing share buyback program. The shares were bought at a volume weighted average price of 625.0919 pence and will be held in treasury, reducing the number of shares in issue to 495,530,178. This move is part of a broader strategy to manage the company’s capital structure and may impact shareholder calculations under the FCA’s Disclosure and Transparency Rules.
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 and critical infrastructure that supports national economies. Balfour Beatty has a history of creating iconic buildings and infrastructure globally, with notable projects including 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: 1,178,271
Technical Sentiment Signal: Buy
Current Market Cap: £3.08B
See more data about BBY stock on TipRanks’ Stock Analysis page.