Balfour Beatty plc’s (BBY) Buy Rating Reiterated at Liberum Capital
Several other research analysts have also recently weighed in on the stock. Peel Hunt upgraded shares of Balfour Beatty plc to a buy rating and boosted their price target for the stock from GBX 300 ($3.95) to GBX 340 ($4.47) in a report on Thursday, September 28th. Numis Securities Ltd restated a buy rating and set a GBX 350 ($4.60) price target on shares of Balfour Beatty plc in a report on Wednesday, August 16th. Finally, Berenberg Bank boosted their price target on shares of Balfour Beatty plc from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the stock a buy rating in a report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 327.57 ($4.31).
Balfour Beatty plc (LON BBY) traded down GBX 6.50 ($0.09) on Friday, hitting GBX 270 ($3.55). 884,814 shares of the company were exchanged, compared to its average volume of 1,640,000. Balfour Beatty plc has a one year low of GBX 252.50 ($3.32) and a one year high of GBX 299.30 ($3.94).
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The firm also recently declared a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, October 5th will be given a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, October 5th.
In other news, insider Barbara Moorhouse acquired 4,000 shares of Balfour Beatty plc stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of GBX 269 ($3.54) per share, with a total value of £10,760 ($14,152.31). Also, insider Leo Quinn purchased 100,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average cost of GBX 263 ($3.46) per share, with a total value of £263,000 ($345,916.09). In the last three months, insiders bought 104,112 shares of company stock worth $27,405,904.
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.
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