Balfour Beatty plc Given Average Rating of “Hold” by Brokerages (LON:BBY)
Balfour Beatty plc (LON:BBY) has earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, AR Network reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 250.73 ($4.19).
Shares of Balfour Beatty plc (LON:BBY) opened at 247.345 on Monday. 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 233.9 and its 200-day moving average is GBX 263.5. The company’s market cap is £1.697 billion.
The company also recently announced a dividend, which is scheduled for Friday, December 5th. Shareholders of record on Thursday, October 9th will be paid a dividend of GBX 5.60 ($0.09) per share. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, October 9th.
A number of research firms have recently commented on BBY. Analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty plc in a research note on Friday. They now have a GBX 280 ($4.68) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Tuesday, August 12th. They now have a GBX 223 ($3.73) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Tuesday, August 12th.
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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