Balfour Beatty plc (BBY) Receives Average Recommendation of “Buy” from Analysts
Shares of Balfour Beatty plc (LON:BBY) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 314 ($4.07).
A number of equities analysts have recently weighed in on BBY shares. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.53) target price on the stock in a report on Friday, April 28th. Beaufort Securities reiterated a “hold” rating on shares of Balfour Beatty plc in a report on Friday, March 17th. J P Morgan Chase & Co dropped their target price on Balfour Beatty plc from GBX 280 ($3.63) to GBX 273 ($3.54) and set a “neutral” rating on the stock in a report on Friday, March 17th. Liberum Capital reiterated a “buy” rating and issued a GBX 335 ($4.34) target price on shares of Balfour Beatty plc in a report on Monday, March 20th. Finally, Bank of America Corporation upgraded Balfour Beatty plc to a “buy” rating and upped their target price for the company from GBX 295 ($3.82) to GBX 345 ($4.47) in a report on Tuesday, April 11th.
Shares of Balfour Beatty plc (LON:BBY) opened at 259.20 on Monday. Balfour Beatty plc has a 1-year low of GBX 197.20 and a 1-year high of GBX 299.30. The firm’s market capitalization is GBX 1.76 billion. The firm’s 50 day moving average is GBX 278.89 and its 200 day moving average is GBX 274.75.
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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