Balfour Beatty plc’s (BBY) Buy Rating Reaffirmed at Liberum Capital
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 350 ($4.64) price objective on the stock. Liberum Capital’s price objective suggests a potential upside of 30.79% from the company’s current price.
BBY has been the subject of several other research reports. Berenberg Bank boosted their target price on Balfour Beatty plc from GBX 330 ($4.38) to GBX 350 ($4.64) and gave the company a “buy” rating in a research note on Friday, August 25th. Peel Hunt raised Balfour Beatty plc to a “buy” rating and boosted their target price for the company from GBX 300 ($3.98) to GBX 340 ($4.51) in a research note on Thursday, September 28th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 350 ($4.64) target price on shares of Balfour Beatty plc in a research note on Wednesday, August 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Balfour Beatty plc has a consensus rating of “Buy” and a consensus target price of GBX 327.57 ($4.35).
Balfour Beatty plc (LON:BBY) traded up 0.15% during mid-day trading on Thursday, reaching GBX 267.60. 1,308,361 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.82 billion. The stock has a 50-day moving average of GBX 265.74 and a 200-day moving average of GBX 272.40. Balfour Beatty plc has a one year low of GBX 252.50 and a one year high of GBX 299.30.
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In other Balfour Beatty plc news, insider Leo Quinn purchased 100,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average cost of GBX 263 ($3.49) per share, with a total value of £263,000 ($348,852.63). Also, insider Barbara Moorhouse purchased 4,000 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 269 ($3.57) per share, for a total transaction of £10,760 ($14,272.45). Over the last three months, insiders bought 104,114 shares of company stock worth $27,406,034.
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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