Balfour Beatty plc Price Target Lowered to GBX 250 at Deutsche Bank (BBY)
Investment analysts at Deutsche Bank dropped their target price on shares of Balfour Beatty plc (LON:BBY) from GBX 280 ($4.72) to GBX 250 ($4.22) in a note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 11.71% from the stock’s previous close.
A number of other analysts have also recently weighed in on BBY. Analysts at Jefferies Group downgraded shares of Balfour Beatty plc to a “hold” rating in a research note on Wednesday. They now have a GBX 233 ($3.93) price target on the stock, down previously from GBX 403 ($6.80). Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Balfour Beatty plc in a research note on Tuesday, May 6th. They now have a GBX 302 ($5.09) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Balfour Beatty plc in a research note on Tuesday, May 6th. They now have a GBX 310 ($5.23) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Balfour Beatty plc has a consensus rating of “Hold” and a consensus target price of GBX 273.86 ($4.62).
Balfour Beatty plc (LON:BBY) opened at 223.80 on Wednesday. Balfour Beatty plc has a 1-year low of GBX 207.50 and a 1-year high of GBX 322.20. The stock has a 50-day moving average of GBX 283.3 and a 200-day moving average of GBX 286.0. The company’s market cap is £1.535 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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