Balfour Beatty plc (BBY) Insider Leo Quinn Acquires 56 Shares
Balfour Beatty plc (LON:BBY) insider Leo Quinn acquired 56 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average cost of GBX 272 ($3.32) per share, with a total value of £152.32 ($185.64).
Shares of Balfour Beatty plc (LON:BBY) traded down 1.16% during trading on Monday, reaching GBX 271.90. 987,697 shares of the company were exchanged. The stock’s market capitalization is GBX 1.85 billion. Balfour Beatty plc has a one year low of GBX 184.90 and a one year high of GBX 288.15. The stock has a 50-day moving average price of GBX 278.49 and a 200-day moving average price of GBX 244.93.
The company also recently disclosed a dividend, which will be paid on Monday, December 5th. Investors of record on Thursday, October 6th will be paid 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%.
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Balfour Beatty plc from GBX 240 ($2.93) to GBX 280 ($3.41) and gave the company a “neutral” rating in a research note on Thursday, August 18th. Numis Securities Ltd raised shares of Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.58) price objective for the company in a research note on Wednesday, August 17th. Liberum Capital dropped their price objective on shares of Balfour Beatty plc from GBX 320 ($3.90) to GBX 270 ($3.29) and set a “buy” rating for the company in a research note on Tuesday, July 5th. Beaufort Securities raised shares of Balfour Beatty plc to a “hold” rating in a research note on Thursday, August 18th. Finally, Jefferies Group dropped their price objective on shares of Balfour Beatty plc from GBX 300 ($3.66) to GBX 290 ($3.53) and set a “buy” rating for the company in a research note on Thursday, August 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Balfour Beatty plc currently has a consensus rating of “Buy” and an average price target of GBX 287.33 ($3.50).
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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