Liberum Capital Reiterates “Buy” Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Friday. They currently have a GBX 280 ($4.71) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 14.99% from the company’s current price.
Balfour Beatty plc (LON:BBY) traded down 2.63% during mid-day trading on Friday, hitting GBX 237.10. 1,794,258 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’s 50-day moving average is GBX 242.3 and its 200-day moving average is GBX 278.2. The company’s market cap is £1.626 billion.
A number of other firms have also recently commented on BBY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Friday. They now have a GBX 250 ($4.20) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Balfour Beatty plc in a research note on Monday. They now have a GBX 246 ($4.14) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Balfour Beatty plc has an average rating of “Hold” and an average price target of GBX 258.31 ($4.34).
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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