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An announcement from Balfour Beatty ( (GB:BBY) ) is now available.
Balfour Beatty announced a share buyback transaction, purchasing 120,000 ordinary shares at prices ranging from 430.20 to 437.80 pence, with an average price of 434.0275 pence. These shares will be held in treasury, and following this purchase, the total number of voting rights in the company stands at 516,086,863. This move is part of a broader share buyback program, which has seen the company repurchase a total of 936,957 shares at an average price of 437.2045 pence. The transaction aims to consolidate shares and potentially enhance shareholder value.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with 26,000 employees, specializing in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies. The company is known for delivering iconic buildings and infrastructure projects around the world, including 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: -4.09%
Average Trading Volume: 998,382
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.17B
Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.
