Liberum Capital Reaffirms Buy Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a report released on Wednesday.
BBY has been the subject of several other research reports. Berenberg Bank lifted their price target on Balfour Beatty plc from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the company a “buy” rating in a report on Friday, August 26th. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.84) price target for the company in a report on Wednesday, August 17th. Jefferies Group lowered their price target on Balfour Beatty plc from GBX 300 ($3.92) to GBX 290 ($3.79) and set a “buy” rating for the company in a report on Thursday, August 25th. JPMorgan Chase & Co. decreased their target price on Balfour Beatty plc from GBX 268 ($3.50) to GBX 240 ($3.13) and set a “neutral” rating for the company in a report on Friday, July 8th. Finally, Bank of America Corp. boosted their target price on Balfour Beatty plc from GBX 270 ($3.52) to GBX 280 ($3.65) and gave the stock a “neutral” rating in a report on Wednesday, September 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 287.33 ($3.75).
Balfour Beatty plc (LON:BBY) opened at 282.00 on Wednesday. The firm has a 50-day moving average of GBX 261.69 and a 200 day moving average of GBX 241.71. Balfour Beatty plc has a 52 week low of GBX 184.90 and a 52 week high of GBX 286.90. The stock’s market capitalization is GBX 1.92 billion.
The business also recently declared a dividend, which will be paid on Monday, December 5th. Investors of record on Thursday, October 6th will be given a dividend of GBX 0.90 ($0.01) per share. This represents a yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 6th.
In other Balfour Beatty plc news, insider Quinn,Leo bought 104,225 shares of the business’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 192 ($2.51) per share, with a total value of £200,112 ($261,208.72). Also, insider Billingham,Stephen R bought 12,165 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was acquired at an average cost of GBX 204 ($2.66) per share, for a total transaction of £24,816.60 ($32,393.42).
Balfour Beatty plc Company Profile
Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions.
Receive News & Ratings for Balfour Beatty plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty plc and related companies with MarketBeat.com's FREE daily email newsletter.