RBC Capital Reiterates “Sector Perform” Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a GBX 220 ($3.68) price target on the stock. RBC Capital’s price objective points to a potential downside of 14.06% from the stock’s previous close.
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 Wednesday. They now have a GBX 183 ($3.06) price target on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Balfour Beatty plc currently has a consensus rating of “Hold” and a consensus target price of GBX 252.09 ($4.21).
Shares of Balfour Beatty plc (LON:BBY) opened at 239.80 on Wednesday. Balfour Beatty plc has a 1-year low of GBX 192.60 and a 1-year high of GBX 322.20. The stock has a 50-day moving average of GBX 234.8 and a 200-day moving average of GBX 262.5. The company’s market cap is £1.645 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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