Balfour Beatty plc PT Lowered to GBX 280 (BBY)
Equities researchers at Berenberg Bank reduced their price objective on shares of Balfour Beatty plc (LON:BBY) from GBX 290 ($4.97) to GBX 280 ($4.80) in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 24.17% from the stock’s previous close.
A number of other firms have also recently commented on BBY. Analysts at Numis Securities Ltd downgraded shares of Balfour Beatty plc to a “hold” rating in a research note on Friday. They now have a GBX 223 ($3.83) price target on the stock. Separately, 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 ($3.43) price target on the stock, down previously from GBX 246 ($4.22). Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Balfour Beatty plc in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Balfour Beatty plc has an average rating of “Hold” and an average price target of GBX 249.83 ($4.29).
Balfour Beatty plc (LON:BBY) traded up 2.13% on Monday, hitting GBX 225.50. 4,518,817 shares of the company’s stock traded hands. Balfour Beatty plc has a 52 week low of GBX 192.60 and a 52 week high of GBX 322.20. The stock has a 50-day moving average of GBX 232.4 and a 200-day moving average of GBX 274.5. The company’s market cap is £1.546 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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