Balfour Beatty (LON:BBY) was upgraded by investment analysts at Numis Securities to a “buy” rating in a research report issued on Thursday. The firm currently has a GBX 350 ($4.75) target price on the stock. Numis Securities’ price objective would suggest a potential upside of 18.20% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Liberum Capital reiterated a “buy” rating and set a GBX 350 ($4.75) price objective on shares of Balfour Beatty in a research note on Monday. Peel Hunt reiterated a “buy” rating and set a GBX 340 ($4.61) price objective on shares of Balfour Beatty in a research note on Friday, January 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 350 ($4.75) price objective on shares of Balfour Beatty in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 327.57 ($4.44).
Balfour Beatty (LON:BBY) traded up GBX 5 ($0.07) on Thursday, reaching GBX 296.10 ($4.02). 2,070,000 shares of the company’s stock traded hands, compared to its average volume of 2,010,000. Balfour Beatty has a 12 month low of GBX 252.50 ($3.42) and a 12 month high of GBX 311.70 ($4.23). The stock has a market capitalization of $2,040.00 and a P/E ratio of 9,870.00.
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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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