Balfour Beatty (BBY) Rating Reiterated by Numis Securities
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by investment analysts at Numis Securities in a report released on Thursday. They presently have a GBX 350 ($4.71) target price on the stock. Numis Securities’ price objective would indicate a potential upside of 21.49% from the stock’s current price.
Several other analysts have also recently issued reports on BBY. Liberum Capital reiterated a “buy” rating and set a GBX 350 ($4.71) target price on shares of Balfour Beatty in a research report on Thursday. Peel Hunt reiterated a “buy” rating and set a GBX 340 ($4.58) target price on shares of Balfour Beatty in a research report on Thursday, December 14th. Finally, Berenberg Bank increased their target price on Balfour Beatty from GBX 330 ($4.44) to GBX 350 ($4.71) and gave the stock a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Balfour Beatty currently has a consensus rating of “Buy” and an average target price of GBX 327.57 ($4.41).
Shares of Balfour Beatty (LON BBY) opened at GBX 288.10 ($3.88) on Thursday. Balfour Beatty has a 1 year low of GBX 252.50 ($3.40) and a 1 year high of GBX 298.90 ($4.02).
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Balfour Beatty 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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