Balfour Beatty Executes Share Buyback, Reducing Voting Shares

Balfour Beatty ( (GB:BBY) ) has provided an update.

Balfour Beatty announced a share buyback transaction, purchasing 59,255 ordinary shares at a volume weighted average price of 666.0022 pence per share. These shares will be held in treasury, reducing the total number of voting rights to 494,705,189. The buyback is part of a program initiated earlier in the year, and the repurchased shares will not have voting rights, impacting shareholder calculations under the FCA’s 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 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: 1,221,882

Technical Sentiment Signal: Buy

Current Market Cap: £3.22B

For an in-depth examination of BBY stock, go to TipRanks’ Overview page.