Deutsche Bank Reiterates Buy Rating for Balfour Beatty (BBY)
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Friday, AR Network reports. They currently have a GBX 280 ($4.38) price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 2.15% from the stock’s previous close.
Balfour Beatty (LON:BBY) traded down 0.04% on Friday, hitting GBX 274.00. The stock had a trading volume of 2,012,911 shares. The stock’s 50-day moving average is GBX 250.9 and its 200-day moving average is GBX 240.9. The company’s market cap is £1.877 billion.
A number of other analysts have also recently weighed in on BBY. Analysts at Berenberg Bank raised their price target on shares of Balfour Beatty (LON:BBY) from GBX 270 ($4.22) to GBX 300 ($4.69) in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of Balfour Beatty (LON:BBY) in a research note to investors on Thursday, August 22nd. They now have a GBX 170 ($2.66) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Balfour Beatty (LON:BBY) from a “hold” rating to an “add” rating in a research note to investors on Wednesday, August 21st. They now have a GBX 285 ($4.46) price target on the stock, up previously from GBX 250 ($3.91).
Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 247.21 ($3.87).
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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