Balfour Beatty plc Receives “Outperform” Rating from RBC Capital (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “outperform” rating reiterated by RBC Capital in a research note issued on Monday. They currently have a GBX 246 ($4.14) target price on the stock. RBC Capital’s target price points to a potential upside of 3.23% from the stock’s previous close.
Shares of Balfour Beatty plc (LON:BBY) opened at 237.60 on Monday. 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 249.6 and a 200-day moving average of GBX 279.1. The company’s market cap is £1.629 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Balfour Beatty plc in a research note on Monday. They now have a GBX 260 ($4.37) price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.