Balfour Beatty plc Given New GBX 220 Price Target at Westhouse Securities (BBY)
Stock analysts at Westhouse Securities decreased their price target on shares of Balfour Beatty plc (LON:BBY) from GBX 302 ($5.06) to GBX 220 ($3.69) in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Westhouse Securities’ price target would suggest a potential downside of 6.74% from the stock’s previous close.
Shares of Balfour Beatty plc (LON:BBY) traded up 0.59% during mid-day trading on Wednesday, hitting GBX 235.89. The stock had a trading volume of 2,016,519 shares. Balfour Beatty plc has a one year low of GBX 207.50 and a one year high of GBX 322.20. The stock has a 50-day moving average of GBX 252. and a 200-day moving average of GBX 279.7. The company’s market cap is £1.617 billion.
BBY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Friday, May 30th. They now have a GBX 250 ($4.19) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Balfour Beatty plc in a research note on Friday, May 23rd. They now have a GBX 315 ($5.28) price target 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’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 269.77 ($4.52).
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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