Balfour Beatty plc Rating Reiterated by Numis Securities Ltd (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 260 ($4.37) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 9.11% from the company’s current price.
Shares of Balfour Beatty plc (LON:BBY) opened at 237.60 on Monday. Balfour Beatty plc has a 1-year low of GBX 207.50 and a 1-year high of GBX 322.20. The stock’s 50-day moving average is GBX 249.6 and its 200-day moving average is GBX 279.1. The company’s market cap is £1.629 billion.
A number of other analysts have also recently weighed in on BBY. Analysts at Westhouse Securities cut their price target on shares of Balfour Beatty plc from GBX 302 ($5.08) to GBX 220 ($3.70) in a research note on Wednesday, June 4th. They now have a “neutral” rating on the stock. Separately, 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 ($4.20) price target on the stock. Finally, 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 ($4.20) price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Balfour Beatty plc has an average rating of “Hold” and a consensus price target of GBX 260.62 ($4.38).
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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