Balfour Beatty plc (BBY) Rating Reiterated by Liberum Capital
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a research note issued on Wednesday.
Several other analysts have also recently weighed in on BBY. JPMorgan Chase & Co. boosted their price objective on shares of Balfour Beatty plc from GBX 240 ($3.13) to GBX 280 ($3.65) and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Numis Securities Ltd raised shares of Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.84) price objective on the stock in a research note on Wednesday, August 17th. Beaufort Securities raised shares of Balfour Beatty plc to a “hold” rating in a research note on Thursday, August 18th. Jefferies Group reduced their price objective on shares of Balfour Beatty plc from GBX 300 ($3.92) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research note on Thursday, August 25th. Finally, Bank of America Corp. boosted their price objective on shares of Balfour Beatty plc from GBX 270 ($3.52) to GBX 280 ($3.65) and gave the stock a “neutral” rating in a research note on Wednesday, September 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 287.33 ($3.75).
Balfour Beatty plc (LON:BBY) traded up 0.50% during mid-day trading on Wednesday, hitting GBX 281.20. The company’s stock had a trading volume of 1,510,642 shares. Balfour Beatty plc has a 52-week low of GBX 184.90 and a 52-week high of GBX 286.90. The firm has a 50 day moving average of GBX 262.84 and a 200-day moving average of GBX 241.62. The firm’s market cap is GBX 1.91 billion.
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The business also recently disclosed a dividend, which will be paid on Monday, December 5th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.36%.
In other Balfour Beatty plc news, insider Billingham,Stephen R bought 12,165 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were bought at an average price of GBX 204 ($2.66) per share, for a total transaction of £24,816.60 ($32,393.42). Also, insider Quinn,Leo bought 104,225 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average price of GBX 192 ($2.51) per share, for a total transaction of £200,112 ($261,208.72).
About Balfour Beatty plc
Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions.
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