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Balfour Beatty ( (GB:BBY) ) has issued an update.
Balfour Beatty announced the purchase of 125,000 of its ordinary shares as part of its ongoing share buyback program. The repurchased shares, purchased at a volume weighted average price of 467.1962 pence, will be held in treasury without voting rights, leaving the total number of voting rights in the company at 513,259,027. This repurchase is part of a broader strategy where the company has repurchased over 3.7 million shares to date, potentially signaling a focus on returning value to shareholders and impacting market perceptions of the company’s financial health and investment appeal.
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. Balfour Beatty has a history of creating iconic buildings and infrastructure globally, including projects 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: 2.90%
Average Trading Volume: 977,998
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.37B
For a thorough assessment of BBY stock, go to TipRanks’ Stock Analysis page.
