Balfour Beatty plc Given “Hold” Rating at Deutsche Bank (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 250 ($4.25) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 4.25% from the stock’s previous close.
Shares of Balfour Beatty plc (LON:BBY) traded up 0.80% during mid-day trading on Friday, hitting GBX 239.80. 2,685,567 shares of the company’s stock traded hands. Balfour Beatty plc has a one year low of GBX 192.60 and a one year high of GBX 322.20. The stock has a 50-day moving average of GBX 232. and a 200-day moving average of GBX 267.4. The company’s market cap is £1.644 billion.
A number of other analysts have also recently weighed in on BBY. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Balfour Beatty plc in a research note on Thursday. They now have a GBX 183 ($3.11) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty plc in a research note on Monday, July 21st. They now have a GBX 280 ($4.75) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Balfour Beatty plc from GBX 290 ($4.92) to GBX 280 ($4.75) in a research note on Monday, July 7th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 250.73 ($4.26).
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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