Balfour Beatty plc (LON:BBY) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 290.80 ($3.63).

A number of equities analysts have recently commented on BBY shares. Liberum Capital restated a “buy” rating and set a GBX 270 ($3.37) price objective on shares of Balfour Beatty plc in a research note on Tuesday, August 16th. Numis Securities Ltd upgraded shares of Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.67) price objective for the company in a research note on Wednesday, August 17th. Beaufort Securities upgraded shares of Balfour Beatty plc to a “hold” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Balfour Beatty plc from GBX 240 ($3.00) to GBX 280 ($3.50) and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Finally, Jefferies Group reduced their price objective on shares of Balfour Beatty plc from GBX 300 ($3.75) to GBX 290 ($3.62) and set a “buy” rating for the company in a research note on Thursday, August 25th.

Balfour Beatty plc (LON:BBY) opened at 271.80 on Thursday. The company has a 50 day moving average price of GBX 275.78 and a 200-day moving average price of GBX 251.77. Balfour Beatty plc has a one year low of GBX 184.90 and a one year high of GBX 299.30. The firm’s market capitalization is GBX 1.85 billion.

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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