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Balfour Beatty ( (GB:BBY) ) has provided an update.
Balfour Beatty has announced the purchase of 59,127 of its ordinary shares as part of its ongoing share buyback program, which was initially announced in January 2025 and expanded in March 2025. The shares were acquired at a volume weighted average price of 632.7888 pence and will be held in treasury, reducing the number of shares with voting rights to 495,652,791. This move is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
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 employing over 27,000 people. The company is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. With a history spanning 116 years, Balfour Beatty has been instrumental in creating iconic buildings and infrastructure globally, including projects like 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: 1,141,871
Technical Sentiment Signal: Buy
Current Market Cap: £3.11B
Learn more about BBY stock on TipRanks’ Stock Analysis page.