Balfour Beatty ( (GB:BBY) ) has shared an announcement.
Balfour Beatty has executed a share buyback program, purchasing 125,000 of its ordinary shares at a volume-weighted average price of 449.2787 pence per share. This move is part of a broader strategy to manage its capital structure and enhance shareholder value. The shares will be held in treasury, reducing the number of shares in circulation and potentially increasing the value of remaining shares. This action reflects the company’s confidence in its financial health and its commitment to delivering value to its stakeholders.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees. The company focuses on 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.
YTD Price Performance: 0.04%
Average Trading Volume: 889,443
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.26B
For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.