Balfour Beatty plc Downgraded by RBC Capital to “Sector Performer” (BBY)
Balfour Beatty plc (LON:BBY) was downgraded by analysts at RBC Capital to a “sector performer” rating in a research report issued to clients and investors on Friday. They currently have a GBX 200 ($3.41) target price on the stock, down from their previous target price of GBX 246 ($4.19). RBC Capital’s target price suggests a potential downside of 10.11% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Balfour Beatty plc in a research note on Friday. Separately, analysts at Westhouse Securities downgraded shares of Balfour Beatty plc to a “sell” rating in a research note on Thursday. They now have a GBX 183 ($3.12) price target on the stock, down previously from GBX 220 ($3.75). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Thursday. They now have a GBX 233 ($3.97) price target on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 250.67 ($4.27).
Balfour Beatty plc (LON:BBY) opened at 220.43 on Friday. 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 232.3 and a 200-day moving average of GBX 275.. The company’s market cap is £1.511 billion.
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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