Balfour Beatty plc (BBY) to Issue Dividend of GBX 0.90 on December 5th
Balfour Beatty plc (LON:BBY) declared a dividend on Wednesday, August 17th. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 0.90 ($0.01) per share on Monday, December 5th. This represents a dividend yield of 0.36%. The ex-dividend date is Thursday, October 6th. The official announcement can be seen at this link.
Balfour Beatty plc (LON:BBY) opened at 279.40 on Friday. Balfour Beatty plc has a 12 month low of GBX 184.90 and a 12 month high of GBX 286.90. The company’s market capitalization is GBX 1.90 billion. The stock’s 50 day moving average price is GBX 272.68 and its 200 day moving average price is GBX 243.21.
Several brokerages have issued reports on BBY. JPMorgan Chase & Co. boosted their target price on Balfour Beatty plc from GBX 240 ($3.13) to GBX 280 ($3.65) and gave the company a “neutral” rating in a research report on Thursday, August 18th. 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 company a “neutral” rating in a research report on Wednesday, September 14th. 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. Liberum Capital reiterated a “buy” rating and issued a GBX 320 ($4.18) price target on shares of Balfour Beatty plc in a report on Friday, June 17th. Finally, 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 287.33 ($3.75).
In related news, insider Billingham,Stephen R bought 12,165 shares of the stock in a transaction on Tuesday, July 5th. The stock was bought at an average price of GBX 204 ($2.66) per share, for a total transaction of £24,816.60 ($32,393.42).
About Balfour Beatty plc
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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