Balfour Beatty plc (BBY) Given Average Rating of “Buy” by Brokerages
Balfour Beatty plc (LON:BBY) has been given a consensus rating of “Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 319.71 ($4.13).
Several research firms have recently commented on BBY. Numis Securities Ltd reissued a “buy” rating and set a GBX 350 ($4.53) price target on shares of Balfour Beatty plc in a research note on Wednesday, August 16th. Liberum Capital reissued a “buy” rating and set a GBX 335 ($4.33) price target on shares of Balfour Beatty plc in a research note on Thursday, May 18th. Berenberg Bank increased their price target on shares of Balfour Beatty plc from GBX 330 ($4.27) to GBX 350 ($4.53) and gave the company a “buy” rating in a research note on Friday. Peel Hunt reissued an “add” rating and set a GBX 300 ($3.88) price target on shares of Balfour Beatty plc in a research note on Wednesday, August 16th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 278 ($3.60) price target on shares of Balfour Beatty plc in a research note on Friday, May 19th.
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Shares of Balfour Beatty plc (LON BBY) opened at 263.90 on Tuesday. The firm’s 50-day moving average price is GBX 266.33 and its 200 day moving average price is GBX 274.75. The stock’s market capitalization is GBX 1.79 billion. Balfour Beatty plc has a 1-year low of GBX 252.50 and a 1-year high of GBX 299.30.
The company also recently announced a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, October 5th will be issued a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.43%.
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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