Balfour Beatty plc’s “Buy” Rating Reaffirmed at Deutsche Bank (BBY)
Balfour Beatty plc (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, Analyst Ratings Net reports. They currently have a GBX 280 ($4.69) price target on the stock. Deutsche Bank’s target price indicates a potential downside of 11.05% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Balfour Beatty plc in a research note on Wednesday. They now have a GBX 310 ($5.20) price target on the stock. Separately, analysts at Liberum Capital raised their price target on shares of Balfour Beatty plc from GBX 300 ($5.03) to GBX 350 ($5.87) in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 261.53 ($4.38).
Balfour Beatty plc (LON:BBY) opened at 314.80 on Friday. Balfour Beatty plc has a 52 week low of GBX 206.70 and a 52 week high of GBX 315.30. The stock has a 50-day moving average of GBX 297.4 and a 200-day moving average of GBX 276.8. The company’s market cap is £2.156 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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