Liberum Capital Reiterates “Buy” Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a report issued on Friday. They currently have a GBX 280 ($4.70) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 16.62% from the company’s current price.
A number of other firms have also recently commented on BBY. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Tuesday. They now have a GBX 223 ($3.74) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Tuesday. Finally, 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. 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. Balfour Beatty plc has a consensus rating of “Hold” and an average target price of GBX 250.73 ($4.21).
Shares of Balfour Beatty plc (LON:BBY) traded up 1.21% during mid-day trading on Friday, hitting GBX 243.00. 880,198 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 233.5 and a 200-day moving average of GBX 263.6. The company’s market cap is £1.667 billion.
The company also recently declared a dividend, which is scheduled for Friday, December 5th. Investors of record on Thursday, October 9th will be given a dividend of GBX 5.60 ($0.09) per share. This represents a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 9th.
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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