Balfour Beatty plc Given “Add” Rating at Numis Securities Ltd (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Friday. They currently have a GBX 315 ($5.30) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 40.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Friday, May 16th. They now have a GBX 250 ($4.21) price target on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of Balfour Beatty plc in a research note on Tuesday, May 13th. They now have a GBX 245 ($4.12) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Balfour Beatty plc from GBX 350 ($5.89) to GBX 290 ($4.88) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 276.08 ($4.64).
Balfour Beatty plc (LON:BBY) opened at 226.50 on Friday. Balfour Beatty plc has a 52-week low of GBX 207.50 and a 52-week high of GBX 322.20. The stock’s 50-day moving average is GBX 268.0 and its 200-day moving average is GBX 282.3. The company’s market cap is £1.553 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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