Balfour Beatty plc Declares Dividend of GBX 5.60 (BBY)
Balfour Beatty plc (LON:BBY) declared a dividend on Monday, August 11th, American Banking & Market News reports. Shareholders of record on Thursday, October 9th will be given a dividend of GBX 5.60 ($0.09) per share on Friday, December 5th. This represents a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 9th. The official announcement can be accessed at this link.
A number of research firms have recently commented on BBY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Monday. They now have a GBX 250 ($4.19) price target on the stock. On a related note, analysts at Westhouse Securities reiterated a “sell” rating on shares of Balfour Beatty plc in a research note on Monday. They now have a GBX 183 ($3.07) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Friday. They now have a GBX 233 ($3.91) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 250.73 ($4.21).
Shares of Balfour Beatty plc (LON:BBY) traded up 2.45% during mid-day trading on Monday, hitting GBX 243.00. 9,036,700 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 233.0 and its 200-day moving average is GBX 265.4. The company’s market cap is £1.666 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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