Balfour Beatty plc Earns Buy Rating from Liberum Capital (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a report released on Wednesday. They currently have a GBX 280 ($4.63) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 13.59% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a research note on Thursday, August 21st. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Balfour Beatty plc in a research note on Wednesday, August 20th. They now have a GBX 220 ($3.64) 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, August 20th. They now have a GBX 183 ($3.03) price target on the stock. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 252.09 ($4.17).
Shares of Balfour Beatty plc (LON:BBY) traded down 1.70% on Wednesday, hitting GBX 242.80. 2,277,415 shares of the company’s stock traded hands. Balfour Beatty plc has a 1-year low of GBX 192.60 and a 1-year high of GBX 322.20. The stock’s 50-day moving average is GBX 237.2 and its 200-day moving average is GBX 260.. The company’s market cap is £1.666 billion.
The company also recently declared a dividend, which is scheduled for Friday, December 5th. Stockholders 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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