Balfour Beatty plc Earns “Sell” Rating from Westhouse Securities (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “sell” rating reissued by equities researchers at Westhouse Securities in a research report issued on Wednesday. They currently have a GBX 183 ($3.06) price target on the stock. Westhouse Securities’ price objective indicates a potential downside of 28.52% from the stock’s previous close.
Balfour Beatty plc (LON:BBY) opened at 238.40 on Wednesday. Balfour Beatty plc has a one year low of GBX 192.60 and a one year high of GBX 322.20. The stock’s 50-day moving average is GBX 234.8 and its 200-day moving average is GBX 262.5. The company’s market cap is £1.635 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Wednesday. They now have a GBX 245 ($4.10) 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 Friday, August 15th. They now have a GBX 280 ($4.68) price target on the stock. Finally, 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. Three equities research 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. The stock has a consensus rating of “Hold” and an average target price of GBX 252.09 ($4.21).
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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