Balfour Beatty Given New GBX 350 Price Target at Liberum Capital (BBY)
Research analysts at Liberum Capital increased their price target on shares of Balfour Beatty (LON:BBY) from GBX 300 ($4.93) to GBX 350 ($5.75) in a report released on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 17.59% from the company’s current price.
BBY has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of Balfour Beatty from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a GBX 310 ($5.09) price target on the stock, up previously from GBX 210 ($3.45). Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Balfour Beatty in a research note to investors on Friday, January 31st. They now have a GBX 280 ($4.60) price target 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, January 20th. They now have a GBX 280 ($4.60) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 261.53 ($4.30).
Shares of Balfour Beatty (LON:BBY) traded up 1.48% during mid-day trading on Thursday, hitting GBX 297.6533. 2,402,877 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 302.30. The stock’s 50-day moving average is GBX 290.5 and its 200-day moving average is GBX 271.. The company’s market cap is £2.039 billion.
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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