Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.
BBY has been the subject of a number of other reports. UBS Group reaffirmed a “buy” rating on shares of Balfour Beatty in a research note on Thursday, March 14th. Peel Hunt reissued a “buy” rating on shares of Balfour Beatty in a research note on Wednesday, March 13th. Finally, Numis Securities reissued a “buy” rating and set a GBX 350 ($4.57) target price on shares of Balfour Beatty in a research note on Friday, May 31st. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of GBX 352 ($4.60).
Balfour Beatty stock opened at GBX 242.20 ($3.16) on Thursday. The stock has a market cap of $1.66 billion and a price-to-earnings ratio of 12.42. Balfour Beatty has a 52-week low of GBX 220 ($2.87) and a 52-week high of GBX 318.60 ($4.16). The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 61.89.
In related news, insider Leo Quinn sold 211,216 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of GBX 267 ($3.49), for a total transaction of £563,946.72 ($736,896.28). Also, insider Philip Harrison sold 12,619 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 262 ($3.42), for a total transaction of £33,061.78 ($43,201.07).
About Balfour Beatty
Balfour Beatty plc finances, designs, 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.
Further Reading: Understanding Average Daily Trade Volume
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