Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a report released on Monday. They presently have a GBX 350 ($4.84) target price on the stock. Liberum Capital’s price target suggests a potential upside of 26.13% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 350 ($4.84) price objective on shares of Balfour Beatty in a research note on Thursday. Numis Securities upgraded Balfour Beatty to a “buy” rating and set a GBX 350 ($4.84) price objective for the company in a research note on Thursday, January 18th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 350 ($4.84) price objective on shares of Balfour Beatty in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Balfour Beatty currently has a consensus rating of “Buy” and an average price target of GBX 329 ($4.55).
Shares of Balfour Beatty (LON BBY) traded up GBX 0.50 ($0.01) on Monday, hitting GBX 277.50 ($3.83). The stock had a trading volume of 2,448,488 shares, compared to its average volume of 2,120,000. The stock has a market cap of $1,910.00 and a PE ratio of 9,250.00. Balfour Beatty has a fifty-two week low of GBX 252.50 ($3.49) and a fifty-two week high of GBX 311.70 ($4.31).
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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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