Balfour Beatty (BBY) Given Buy Rating at Liberum Capital
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 350 ($4.75) price objective on the stock. Liberum Capital’s price target points to a potential upside of 13.78% from the company’s current price.
Several other analysts also recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 340 ($4.61) target price on shares of Balfour Beatty in a research note on Friday, January 5th. Numis Securities downgraded Balfour Beatty to an “add” rating and set a GBX 350 ($4.75) target price for the company. in a research note on Friday, December 29th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 350 ($4.75) target price on shares of Balfour Beatty in a research note on Tuesday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 327.57 ($4.44).
Shares of Balfour Beatty (LON BBY) opened at GBX 307.60 ($4.17) on Monday. The firm has a market capitalization of $2,120.00 and a PE ratio of 10,253.33. Balfour Beatty has a 52 week low of GBX 252.50 ($3.42) and a 52 week high of GBX 308.50 ($4.18).
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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