Balfour Beatty plc Rating Reiterated by HSBC (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “neutral” rating restated by HSBC in a research note issued on Tuesday, ARN reports. They currently have a GBX 245 ($4.13) price target on the stock. HSBC’s price target suggests a potential upside of 7.03% from the company’s current price.
Shares of Balfour Beatty plc (LON:BBY) traded down 0.48% on Tuesday, hitting GBX 227.80. 1,133,223 shares of the company’s stock traded hands. Balfour Beatty plc has a 52 week low of GBX 207.50 and a 52 week high of GBX 322.20. The stock has a 50-day moving average of GBX 282.0 and a 200-day moving average of GBX 285.7. The company’s market cap is £1.562 billion.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank cut their price target on shares of Balfour Beatty plc from GBX 350 ($5.90) to GBX 290 ($4.88) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Balfour Beatty plc in a research note on Wednesday, May 7th. They now have a GBX 260 ($4.38) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Balfour Beatty plc from GBX 280 ($4.72) to GBX 250 ($4.21) in a research note on Wednesday, May 7th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 271 ($4.56).
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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