Liberum Capital Reiterates “Buy” Rating for Balfour Beatty plc (BBY)
Balfour Beatty plc (LON:BBY)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a note issued to investors on Monday. They presently have a GBX 350 ($4.60) target price on the stock. Liberum Capital’s price target points to a potential upside of 34.00% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($3.95) target price on shares of Balfour Beatty plc in a research report on Wednesday, August 16th. Berenberg Bank increased their target price on shares of Balfour Beatty plc from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 350 ($4.60) target price on shares of Balfour Beatty plc in a research report on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 327.57 ($4.31).
Balfour Beatty plc (LON:BBY) traded down GBX 4.20 ($0.06) during midday trading on Monday, hitting GBX 261.20 ($3.44). 697,955 shares of the company were exchanged, compared to its average volume of 1,770,000. Balfour Beatty plc has a 1 year low of GBX 252.50 ($3.32) and a 1 year high of GBX 298.90 ($3.93).
In other Balfour Beatty plc news, insider Barbara Moorhouse purchased 4,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average cost of GBX 269 ($3.54) per share, with a total value of £10,760 ($14,152.31). Also, insider Leo Quinn purchased 100,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of GBX 263 ($3.46) per share, with a total value of £263,000 ($345,916.09). In the last 90 days, insiders purchased 104,167 shares of company stock valued at $27,420,754.
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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