Balfour Beatty plc Receives Consensus Rating of “Hold” from Analysts (LON:BBY)
Balfour Beatty plc (LON:BBY) has received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, American Banking and Market News reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 252.09 ($4.21).
Shares of Balfour Beatty plc (LON:BBY) opened at 241.6943 on Monday. 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 235.3 and its 200-day moving average is GBX 262.. The company’s market cap is £1.658 billion.
The company also recently announced a dividend, which is scheduled for Friday, December 5th. Stockholders 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.
BBY has been the subject of a number of recent research reports. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Thursday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Balfour Beatty plc in a research note on Wednesday. They now have a GBX 220 ($3.68) price target on the stock. Finally, 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.
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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