Balfour Beatty’s Buy Rating Reaffirmed at Deutsche Bank (BBY)
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 280 ($4.47) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 2.45% from the stock’s previous close.
Balfour Beatty (LON:BBY) traded up 1.79% on Monday, hitting GBX 273.30. The stock had a trading volume of 1,318,671 shares. 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 £1.872 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Balfour Beatty in a research note to investors on Friday. They now have a GBX 263 ($4.20) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Balfour Beatty in a research note to investors on Wednesday, September 25th. They now have a GBX 170 ($2.71) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research note to investors on Tuesday, September 24th. They now have a GBX 300 ($4.79) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 243.07 ($3.88).
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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