Balfour Beatty Advances Share Buyback Program with Latest Purchase

The latest update is out from Balfour Beatty ( (GB:BBY) ).

Balfour Beatty announced the repurchase of 120,000 ordinary shares as part of its ongoing share buyback program, with the shares to be held in treasury. This transaction is part of a larger buyback initiative where the company has repurchased over 11 million shares, impacting the total number of voting rights and potentially influencing shareholder interests under regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £5.80 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 strong financial performance and positive earnings outlook are key strengths, supported by revenue growth and cash flow management. The stock is fairly valued, and recent earnings call highlights further bolster confidence. However, technical indicators suggest caution due to potential near-term volatility. Overall, the company is well-positioned for growth, albeit with challenges in specific segments.

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: 1,259,779

Technical Sentiment Signal: Buy

Current Market Cap: £2.47B

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