Balfour Beatty plc Stock Rating Reaffirmed by Deutsche Bank (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Monday. They currently have a GBX 250 ($4.26) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 7.07% from the company’s current price.
Shares of Balfour Beatty plc (LON:BBY) traded down 1.44% during mid-day trading on Monday, hitting GBX 233.50. The stock had a trading volume of 1,023,972 shares. Balfour Beatty plc has a one year low of GBX 207.50 and a one year high of GBX 322.20. The stock’s 50-day moving average is GBX 232. and its 200-day moving average is GBX 276.0. The company’s market cap is £1.601 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty plc in a research note on Friday, June 13th. They now have a GBX 280 ($4.77) 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, June 9th. They now have a GBX 246 ($4.19) 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, June 9th. They now have a GBX 260 ($4.43) price target on the stock. Two research 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 presently has a consensus rating of “Hold” and an average target price of GBX 261.50 ($4.45).
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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