Balfour Beatty plc Given Hold Rating at Deutsche Bank (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday. They currently have a GBX 250 ($4.29) target price on the stock. Deutsche Bank’s price objective would indicate a potential upside of 14.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank cut their price target on shares of Balfour Beatty plc from GBX 290 ($4.97) to GBX 280 ($4.80) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Balfour Beatty plc to a “hold” rating in a research note on Friday, July 4th. They now have a GBX 223 ($3.83) price target on the stock. Finally, analysts at RBC Capital downgraded shares of Balfour Beatty plc to a “sector performer” rating in a research note on Friday, July 4th. They now have a GBX 200 ($3.43) price target on the stock, down previously from GBX 246 ($4.22). Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Balfour Beatty plc has a consensus rating of “Hold” and an average target price of GBX 250.73 ($4.30).
Shares of Balfour Beatty plc (LON:BBY) traded up 0.27% during mid-day trading on Thursday, hitting GBX 219.30. 4,239,899 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’s 50-day moving average is GBX 231.8 and its 200-day moving average is GBX 273.1. The company’s market cap is £1.504 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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