Press coverage about Balfour Beatty (LON:BBY) has trended positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Balfour Beatty earned a media sentiment score of 2.75 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 9 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
BBY traded down GBX 1.10 ($0.01) during mid-day trading on Friday, reaching GBX 277.70 ($3.63). 1,120,656 shares of the stock were exchanged, compared to its average volume of 2,420,000. Balfour Beatty has a 1 year low of GBX 252.50 ($3.30) and a 1 year high of GBX 311.70 ($4.07).
The company also recently disclosed a dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, October 4th will be issued a dividend of GBX 1.60 ($0.02) per share. This represents a yield of 0.56%. The ex-dividend date is Thursday, October 4th.
Several analysts recently issued reports on BBY shares. Liberum Capital reissued a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, September 19th. Peel Hunt reissued a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research report on Wednesday, August 15th. Numis Securities reissued a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, August 15th. Berenberg Bank lifted their price target on shares of Balfour Beatty from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, UBS Group lifted their price target on shares of Balfour Beatty from GBX 330 ($4.31) to GBX 355 ($4.64) and gave the company a “buy” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Balfour Beatty has an average rating of “Buy” and an average price target of GBX 345.83 ($4.52).
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About Balfour Beatty
Balfour Beatty plc finances, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
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