Balfour Beatty Rating Reiterated by Deutsche Bank (BBY)
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 280 ($4.61) price objective on the stock. Deutsche Bank’s price target would suggest a potential downside of 4.04% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research note to investors on Tuesday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 245.21 ($4.04).
Shares of Balfour Beatty (LON:BBY) opened at 291.80 on Friday. Balfour Beatty has a 52-week low of GBX 206.70 and a 52-week high of GBX 302.30. The stock’s 50-day moving average is GBX 288.4 and its 200-day moving average is GBX 270.1. The company’s market cap is £1.999 billion.
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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