Balfour Beatty Receives “Hold” Rating from Beaufort Securities (BBY)
Balfour Beatty (LON:BBY)‘s stock had its “hold” rating restated by investment analysts at Beaufort Securities in a note issued to investors on Tuesday, Analyst Ratings Net reports.
Shares of Balfour Beatty (LON:BBY) traded up 0.62% on Tuesday, hitting GBX 275.00. 2,272,112 shares of the company’s stock traded hands. Balfour Beatty has a 1-year low of GBX 206.70 and a 1-year 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 £1.884 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research note to investors on Monday. Separately, analysts at Numis Securities Ltd raised their price target on shares of Balfour Beatty from GBX 285 ($4.55) to GBX 315 ($5.03) in a research note to investors on Monday. They now have an “add” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Balfour Beatty in a research note to investors on Monday. They now have a GBX 280 ($4.47) price target on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 243.07 ($3.88).
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.