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) ) just unveiled an update.
Balfour Beatty announced the purchase of 60,596 ordinary shares as part of its ongoing share buyback program, initially announced in January 2025 and increased in March 2025. The shares, acquired at a volume-weighted average price of 656.7767 pence, will be held in treasury, reducing the number of ordinary shares in issue to 494,882,341. This move is part of Balfour Beatty’s strategy to manage its capital structure and provide value to shareholders, reflecting confidence in its financial position and future prospects.
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 creating iconic buildings and infrastructure worldwide, with current 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: 1,229,668
Technical Sentiment Signal: Buy
Current Market Cap: £3.21B
Learn more about BBY stock on TipRanks’ Stock Analysis page.