Balfour Beatty (BBY) Stock Rating Reaffirmed by Liberum Capital

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 350 ($4.91) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 31.09% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Peel Hunt upped their price objective on shares of Balfour Beatty from GBX 340 ($4.77) to GBX 350 ($4.91) and gave the company a “buy” rating in a report on Tuesday, January 23rd. Numis Securities raised shares of Balfour Beatty to a “buy” rating and set a GBX 350 ($4.91) price objective for the company in a report on Thursday, January 18th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 350 ($4.91) price objective on shares of Balfour Beatty in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 329 ($4.61).

Shares of Balfour Beatty (LON BBY) traded down GBX 2.10 ($0.03) during midday trading on Thursday, hitting GBX 267 ($3.74). 3,601,846 shares of the stock were exchanged, compared to its average volume of 2,180,000. The firm has a market capitalization of $1,840.00 and a PE ratio of 8,900.00. Balfour Beatty has a 1-year low of GBX 252.50 ($3.54) and a 1-year high of GBX 311.70 ($4.37).

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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.

Analyst Recommendations for Balfour Beatty (LON:BBY)

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