Balfour Beatty plc (BBY) Insider Leo Quinn Acquires 56 Shares
Balfour Beatty plc (LON:BBY) insider Leo Quinn acquired 56 shares of Balfour Beatty plc stock in a transaction that occurred on Thursday, October 13th. The shares were purchased at an average cost of GBX 272 ($3.32) per share, with a total value of £152.32 ($185.64).
Shares of Balfour Beatty plc (LON:BBY) traded down 1.16% during midday trading on Monday, hitting GBX 271.90. 987,697 shares of the stock were exchanged. Balfour Beatty plc has a 1-year low of GBX 184.90 and a 1-year high of GBX 288.15. The company’s market capitalization is GBX 1.85 billion. The firm has a 50-day moving average of GBX 278.49 and a 200-day moving average of GBX 244.93.
The company also recently announced a dividend, which will be paid on Monday, December 5th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 0.90 ($0.01) per share. This represents a yield of 0.36%. The ex-dividend date of this dividend is Thursday, October 6th.
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Several equities analysts recently commented on BBY shares. Berenberg Bank boosted their price objective on shares of Balfour Beatty plc from GBX 290 ($3.53) to GBX 310 ($3.78) and gave the company a “buy” rating in a research note on Friday, August 26th. Liberum Capital reissued a “buy” rating on shares of Balfour Beatty plc in a research note on Wednesday, September 21st. Numis Securities Ltd raised shares of Balfour Beatty plc to a “buy” rating and set a GBX 294 ($3.58) price target for the company in a research note on Wednesday, August 17th. Jefferies Group cut their price target on shares of Balfour Beatty plc from GBX 300 ($3.66) to GBX 290 ($3.53) and set a “buy” rating for the company in a research note on Thursday, August 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Balfour Beatty plc from GBX 268 ($3.27) to GBX 240 ($2.93) and set a “neutral” rating for the company in a research note on Friday, July 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 287.33 ($3.50).
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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