Balfour Beatty Rating Reiterated by Deutsche Bank (BBY)
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, StockRatingsNetwork reports. They currently have a GBX 280 ($4.49) target price on the stock. Deutsche Bank’s target price points to a potential upside of 1.52% from the company’s current price.
A number of other firms have also recently commented on BBY. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Balfour Beatty (LON:BBY) from GBX 251 ($4.02) to GBX 275 ($4.40) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of Balfour Beatty (LON:BBY) from GBX 270 ($4.32) to GBX 300 ($4.81) in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Finally, 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 ($2.72) price target on the stock.
Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 249.07 ($3.99).
Balfour Beatty (LON:BBY) traded down 0.68% on Monday, hitting GBX 275.80. 1,520,806 shares of the company’s stock traded hands. Balfour Beatty has a 52 week low of GBX 206.70 and a 52 week high of GBX 321.45. The stock’s 50-day moving average is GBX 255.7 and its 200-day moving average is GBX 240.8. The company’s market cap is £1.889 billion.
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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