Balfour Beatty plc Stock Rating Reaffirmed by Deutsche Bank (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday, American Banking & Market News reports. They currently have a GBX 280 ($4.59) price target on the stock. Deutsche Bank’s price target suggests a potential downside of 8.91% from the stock’s previous close.
BBY has been the subject of a number of other recent research reports. Analysts at Liberum Capital raised their price target on shares of Balfour Beatty plc from GBX 300 ($4.92) to GBX 350 ($5.74) in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital upgraded shares of Balfour Beatty plc from an “underperform” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a GBX 310 ($5.09) price target on the stock, up previously from GBX 210 ($3.45). Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 261.53 ($4.29).
Balfour Beatty plc (LON:BBY) traded down 0.10% on Thursday, hitting GBX 309.10. The stock had a trading volume of 1,352,195 shares. Balfour Beatty plc has a 52-week low of GBX 206.70 and a 52-week high of GBX 304.40. The stock’s 50-day moving average is GBX 292.6 and its 200-day moving average is GBX 273.7. The company’s market cap is £2.117 billion.
Balfour Beatty plc is a global infrastructure company that delivers services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.
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