Liberum Capital reiterated their buy rating on shares of Balfour Beatty plc (LON:BBY) in a research report sent to investors on Friday, November 10th. The brokerage currently has a GBX 350 ($4.60) target price on the stock.
Other research analysts have also recently issued research reports about the company. Numis Securities Ltd reaffirmed a buy rating and set a GBX 350 ($4.60) target price on shares of Balfour Beatty plc in a research note on Wednesday, August 16th. Berenberg Bank boosted their price target on Balfour Beatty plc from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the company a buy rating in a report on Friday, August 25th. Finally, Peel Hunt reiterated an add rating and issued a GBX 300 ($3.95) price target on shares of Balfour Beatty plc in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 327.57 ($4.31).
Balfour Beatty plc (BBY) opened at GBX 264.80 ($3.48) on Friday. Balfour Beatty plc has a 52 week low of GBX 252.50 ($3.32) and a 52 week high of GBX 298.90 ($3.93).
In other Balfour Beatty plc news, insider Barbara Moorhouse purchased 4,000 shares of Balfour Beatty plc stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 269 ($3.54) per share, with a total value of £10,760 ($14,152.31). Also, insider Leo Quinn purchased 100,000 shares of Balfour Beatty plc stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of GBX 263 ($3.46) per share, for a total transaction of £263,000 ($345,916.09). In the last 90 days, insiders have acquired 104,167 shares of company stock valued at $27,420,754.
About Balfour Beatty plc
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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