Balfour Beatty plc (BBY) Given Consensus Recommendation of “Buy” by Analysts
Shares of Balfour Beatty plc (LON:BBY) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 327.57 ($4.35).
A number of equities analysts recently issued reports on BBY shares. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($3.99) target price on shares of Balfour Beatty plc in a research report on Wednesday, August 16th. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty plc in a research report on Monday, July 17th. Berenberg Bank increased their target price on shares of Balfour Beatty plc from GBX 330 ($4.38) to GBX 350 ($4.65) and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 350 ($4.65) target price on shares of Balfour Beatty plc in a research report on Wednesday, August 16th.
In other Balfour Beatty plc news, insider Leo Quinn purchased 100,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average cost of GBX 263 ($3.49) per share, with a total value of £263,000 ($349,455.22). Also, insider Barbara Moorhouse purchased 4,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of GBX 269 ($3.57) per share, with a total value of £10,760 ($14,297.10). Insiders acquired a total of 104,170 shares of company stock valued at $27,421,042 over the last three months.
Shares of Balfour Beatty plc (BBY) opened at 272.10 on Wednesday. The company has a 50 day moving average of GBX 264.58 and a 200 day moving average of GBX 272.51. Balfour Beatty plc has a 52 week low of GBX 252.50 and a 52 week high of GBX 299.30. The firm’s market cap is GBX 1.85 billion.
The firm also recently declared 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. This represents a yield of 0.43%. The ex-dividend date of this dividend is Thursday, October 5th.
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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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