Balfour Beatty plc (BBY) Earns Buy Rating from Numis Securities Ltd

Numis Securities Ltd reiterated their buy rating on shares of Balfour Beatty plc (LON:BBY) in a report released on Wednesday morning, MarketBeat Ratings reports. Numis Securities Ltd currently has a GBX 350 ($4.54) target price on the stock.

Several other research analysts also recently issued reports on the stock. J P Morgan Chase & Co upped their target price on shares of Balfour Beatty plc from GBX 273 ($3.54) to GBX 278 ($3.61) and gave the stock a neutral rating in a research note on Tuesday, April 25th. Liberum Capital reiterated a buy rating and issued a GBX 335 ($4.35) target price on shares of Balfour Beatty plc in a research note on Monday, June 26th. Finally, Peel Hunt reiterated an add rating and issued a GBX 300 ($3.89) target price on shares of Balfour Beatty plc in a research note on Thursday, May 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 314 ($4.08).

Shares of Balfour Beatty plc (BBY) opened at 273.50 on Wednesday. Balfour Beatty plc has a 1-year low of GBX 252.50 and a 1-year high of GBX 299.30. The firm has a 50-day moving average of GBX 265.82 and a 200 day moving average of GBX 274.30. The stock’s market cap is GBX 1.86 billion.

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The business also recently disclosed a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, October 5th will be given a dividend of GBX 1.20 ($0.02) per share. 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.

Analyst Recommendations for Balfour Beatty plc (LON:BBY)

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