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 analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 327.57 ($4.41).
BBY has been the subject of several recent analyst reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($4.04) target price on shares of Balfour Beatty in a report on Wednesday, August 16th. Liberum Capital reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Tuesday. Finally, Numis Securities reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Wednesday, August 16th.
In other Balfour Beatty news, insider Barbara Moorhouse purchased 4,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of GBX 269 ($3.62) per share, with a total value of £10,760 ($14,481.83). In the last ninety days, insiders purchased 4,167 shares of company stock valued at $1,120,754.
About Balfour Beatty
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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