Balfour Beatty plc (BBY) Stock Rating Reaffirmed by Liberum Capital
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued on Monday. They presently have a GBX 335 ($4.26) price objective on the stock. Liberum Capital’s target price would suggest a potential upside of 19.22% from the company’s current price.
BBY has been the subject of a number of other reports. Numis Securities Ltd raised Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.45) target price for the company in a research report on Friday, April 28th. Beaufort Securities reissued a “hold” rating on shares of Balfour Beatty plc in a research report on Friday, March 17th. JPMorgan Chase & Co. decreased their target price on Balfour Beatty plc from GBX 280 ($3.56) to GBX 273 ($3.47) and set a “neutral” rating for the company in a research report on Friday, March 17th. Bank of America Corporation raised Balfour Beatty plc to a “buy” rating and upped their target price for the company from GBX 295 ($3.75) to GBX 345 ($4.39) in a research report on Tuesday, April 11th. Finally, Jefferies Group LLC cut Balfour Beatty plc to a “hold” rating and decreased their target price for the company from GBX 290 ($3.69) to GBX 280 ($3.56) in a research report on Tuesday, March 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 314 ($3.99).
Balfour Beatty plc (BBY) traded down 0.64% during midday trading on Monday, hitting GBX 278.40. The company had a trading volume of 554,341 shares. The firm has a 50-day moving average price of GBX 282.06 and a 200-day moving average price of GBX 274.74. Balfour Beatty plc has a 12 month low of GBX 184.90 and a 12 month high of GBX 299.30. The company’s market cap is GBX 1.89 billion.
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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