Balfour Beatty plc (BBY) Given Average Rating of “Buy” by Analysts
Balfour Beatty plc (LON:BBY) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 290.80 ($3.60).
Several analysts have weighed in on BBY shares. Beaufort Securities raised shares of Balfour Beatty plc to a “hold” rating in a research note on Thursday, August 18th. Liberum Capital reissued a “buy” rating on shares of Balfour Beatty plc in a research note on Wednesday, September 21st. JPMorgan Chase & Co. lowered their price target on shares of Balfour Beatty plc from GBX 268 ($3.32) to GBX 240 ($2.97) and set a “neutral” rating for the company in a research note on Friday, July 8th. Berenberg Bank boosted their price target on shares of Balfour Beatty plc from GBX 290 ($3.59) to GBX 310 ($3.84) and gave the stock a “buy” rating in a research note on Friday, August 26th. Finally, Jefferies Group lowered their price target on shares of Balfour Beatty plc from GBX 300 ($3.71) to GBX 290 ($3.59) and set a “buy” rating for the company in a research note on Thursday, August 25th.
Shares of Balfour Beatty plc (LON:BBY) traded down 0.91% during trading on Thursday, reaching GBX 271.00. 1,696,270 shares of the company traded hands. The stock’s market capitalization is GBX 1.84 billion. Balfour Beatty plc has a 12-month low of GBX 184.90 and a 12-month high of GBX 288.15. The firm’s 50 day moving average is GBX 278.72 and its 200-day moving average is GBX 244.51.
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The business also recently declared a dividend, which will be paid on Monday, December 5th. Investors of record on Thursday, October 6th will be given a dividend of GBX 0.90 ($0.01) per share. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 6th.
Balfour Beatty plc Company Profile
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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