Balfour Beatty plc Announces Dividend of GBX 1.20 (BBY)
Balfour Beatty plc (LON:BBY) announced a dividend on Wednesday, August 16th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 5th will be given a dividend of GBX 1.20 ($0.02) per share on Friday, December 1st. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, October 5th. The official announcement can be seen at this link.
Balfour Beatty plc (LON BBY) traded down 0.11% during mid-day trading on Thursday, hitting GBX 278.90. 3,183,872 shares of the stock traded hands. Balfour Beatty plc has a 1-year low of GBX 248.10 and a 1-year high of GBX 299.30. The company has a 50-day moving average of GBX 265.86 and a 200 day moving average of GBX 274.31. The firm’s market capitalization is GBX 1.90 billion.
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BBY has been the subject of a number of research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 335 ($4.35) price objective on shares of Balfour Beatty plc in a report on Monday, June 26th. J P Morgan Chase & Co increased their price objective on Balfour Beatty plc from GBX 273 ($3.54) to GBX 278 ($3.61) and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.54) price objective for the company in a report on Friday, April 28th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 300 ($3.89) price objective on shares of Balfour Beatty plc in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Balfour Beatty plc currently has a consensus rating of “Buy” and a consensus target price of GBX 314 ($4.08).
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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