Balfour Beatty plc (BBY) Given Average Rating of “Buy” by Analysts
Balfour Beatty plc (LON:BBY) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 290.80 ($3.60).
BBY has been the subject of a number of research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 320 ($3.96) price target on shares of Balfour Beatty plc in a research note on Friday, June 17th. JPMorgan Chase & Co. decreased their price objective on Balfour Beatty plc from GBX 268 ($3.32) to GBX 240 ($2.97) and set a “neutral” rating for the company in a report on Friday, July 8th. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.64) price objective for the company in a report on Wednesday, August 17th. Beaufort Securities upgraded Balfour Beatty plc to a “hold” rating in a report on Thursday, August 18th. Finally, Jefferies Group decreased their price objective on Balfour Beatty plc from GBX 300 ($3.71) to GBX 290 ($3.59) and set a “buy” rating for the company in a report on Thursday, August 25th.
Balfour Beatty plc (LON:BBY) traded down 0.91% on Thursday, reaching GBX 271.00. The company’s stock had a trading volume of 1,696,270 shares. The stock’s 50 day moving average price is GBX 278.72 and its 200 day moving average price is GBX 244.51. Balfour Beatty plc has a 12 month low of GBX 184.90 and a 12 month high of GBX 288.15. The company’s market cap is GBX 1.84 billion.
The firm also recently declared a dividend, which will be paid on Monday, December 5th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.36%.
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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