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Balfour Beatty ( (GB:BBY) ) has shared an update.
Balfour Beatty announced a recent transaction in its share buyback program, purchasing 125,000 ordinary shares at a highest price of 474.60 GBp and a lowest price of 468.80 GBp, with an average price of 472.2610 GBp. The shares will be held in treasury, which now amounts to 3,014,793 shares, impacting the total voting rights in the company. This move is part of a broader strategic initiative to manage capital and potentially increase shareholder value, reflecting the company’s ongoing focus on enhancing its financial structure and market positioning.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees, involved in financing, developing, building, maintaining, and operating complex infrastructure projects globally. The company is noted for its iconic projects over the past 114 years, including significant works like 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: 3.47%
Average Trading Volume: 955,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.36B
For a thorough assessment of BBY stock, go to TipRanks’ Stock Analysis page.
