Balfour Beatty (BBY) Earns Buy Rating from Liberum Capital
A number of other equities analysts also recently commented on BBY. Peel Hunt raised shares of Balfour Beatty to a buy rating and boosted their price objective for the stock from GBX 300 ($4.21) to GBX 340 ($4.77) in a research note on Thursday, September 28th. Berenberg Bank reissued a buy rating and issued a GBX 350 ($4.92) price objective on shares of Balfour Beatty in a research note on Tuesday, December 5th. Finally, Numis Securities reissued a buy rating and issued a GBX 350 ($4.92) price objective on shares of Balfour Beatty in a research note on Tuesday, December 12th. Three 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 329 ($4.62).
Shares of Balfour Beatty (BBY) traded down GBX 3 ($0.04) during trading hours on Friday, reaching GBX 290.60 ($4.08). 2,195,908 shares of the company were exchanged, compared to its average volume of 1,930,000. The company has a market capitalization of $2,000.00 and a P/E ratio of 9,686.67. Balfour Beatty has a 52 week low of GBX 252.50 ($3.55) and a 52 week high of GBX 311.70 ($4.38).
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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