J P Morgan Chase & Co Reiterates “Neutral” Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “neutral” rating restated by analysts at J P Morgan Chase & Co in a report released on Friday, May 19th. They presently have a GBX 278 ($3.54) price target on the stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 1.56% from the company’s current price.
BBY has been the subject of several other research reports. Liberum Capital reissued a “buy” rating and issued a GBX 335 ($4.27) price objective on shares of Balfour Beatty plc in a report on Monday, March 6th. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.46) target price for the company in a research note on Friday, April 28th. Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a research report on Friday, March 17th. Berenberg Bank restated a “buy” rating and issued a GBX 310 ($3.95) target price on shares of Balfour Beatty plc in a research report on Thursday, February 9th. Finally, Peel Hunt assumed coverage on Balfour Beatty plc in a research note on Tuesday, January 24th. They issued an “add” rating and a GBX 300 ($3.82) price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 314 ($4.00).
Shares of Balfour Beatty plc (LON:BBY) opened at 279.60 on Friday. The firm has a 50-day moving average of GBX 282.06 and a 200-day moving average of GBX 274.74. Balfour Beatty plc has a one year low of GBX 184.90 and a one year high of GBX 299.30. The company’s market capitalization is GBX 1.90 billion.
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Balfour Beatty plc Company Profile
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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