Liberum Capital reissued their buy rating on shares of Balfour Beatty plc (LON:BBY) in a report released on Wednesday. The brokerage currently has a GBX 335 ($4.35) price target on the stock.
Several other brokerages have also recently issued reports on BBY. Numis Securities Ltd raised Balfour Beatty plc to a buy rating and set a GBX 350 ($4.54) target price on the stock in a research report on Friday, April 28th. J P Morgan Chase & Co lifted their target price on Balfour Beatty plc from GBX 273 ($3.54) to GBX 278 ($3.61) and gave the company a neutral rating in a research report on Tuesday, April 25th. Finally, Peel Hunt reaffirmed an add rating and set a GBX 300 ($3.89) target price on shares of Balfour Beatty plc in a research report on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 314 ($4.08).
Shares of Balfour Beatty plc (BBY) opened at 273.50 on Wednesday. The stock has a 50 day moving average price of GBX 265.82 and a 200 day moving average price of GBX 274.30. The firm’s market cap is GBX 1.86 billion. Balfour Beatty plc has a 12-month low of GBX 252.50 and a 12-month high of GBX 299.30.
The firm also recently disclosed a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, October 5th will be given a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 0.43%.
Balfour Beatty plc Company Profile
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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