Balfour Beatty plc’s Sell Rating Reiterated at 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 Thursday. They currently have a GBX 183 ($3.04) target price on the stock. Westhouse Securities’ target price points to a potential downside of 24.10% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank raised their price target on shares of Balfour Beatty plc from GBX 280 ($4.65) to GBX 290 ($4.81) in a research note on Thursday, August 28th. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty plc in a research note on Wednesday, August 27th. They now have a GBX 280 ($4.65) 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 Thursday, August 21st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 253 ($4.20).
Balfour Beatty plc (LON:BBY) traded up 1.04% on Thursday, hitting GBX 243.60. The stock had a trading volume of 12,551,980 shares. 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 240.6 and its 200-day moving average is GBX 258.0. The company’s market cap is £1.671 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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