Balfour Beatty plc Downgraded to “Hold” at Numis Securities Ltd (BBY)
Balfour Beatty plc (LON:BBY) was downgraded by stock analysts at Numis Securities Ltd to a “hold” rating in a report issued on Friday. They currently have a GBX 223 ($3.80) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 0.22% from the stock’s previous close.
Balfour Beatty plc (LON:BBY) opened at 220.90 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 £1.515 billion.
A number of other analysts have also recently weighed in on BBY. Analysts at RBC Capital downgraded shares of Balfour Beatty plc to a “sector performer” rating in a research note on Friday. They now have a GBX 200 ($3.41) price target on the stock, down previously from GBX 246 ($4.19). Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Balfour Beatty plc in a research note on Friday. Finally, 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). Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 250.67 ($4.27).
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.