Balfour Beatty Advances Share Buyback Strategy

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

Balfour Beatty announced the purchase of 57,284 ordinary shares as part of its ongoing share buyback program. The shares, purchased at a volume weighted average price of 678.2730 pence, will be held in treasury, reducing the total number of voting shares to 494,242,921. This move is part of a larger strategy, having repurchased over 22 million shares this year, and is expected to 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 infrastructure projects that support national economies. Balfour Beatty has a history of creating 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: 1,238,701

Technical Sentiment Signal: Buy

Current Market Cap: £3.3B

Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.