Liberum Capital restated their buy rating on shares of Balfour Beatty (LON:BBY) in a research report released on Thursday, December 7th. The brokerage currently has a GBX 350 ($4.68) target price on the stock.
Other equities analysts have also issued reports about the stock. Numis Securities reiterated a buy rating and set a GBX 350 ($4.68) target price on shares of Balfour Beatty in a research report on Wednesday, August 16th. Berenberg Bank upped their target price on shares of Balfour Beatty from GBX 330 ($4.41) to GBX 350 ($4.68) and gave the stock a buy rating in a research report on Friday, August 25th. Finally, Peel Hunt restated an add rating and issued a GBX 300 ($4.01) price objective on shares of Balfour Beatty in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Balfour Beatty currently has an average rating of Buy and an average target price of GBX 327.57 ($4.38).
Shares of Balfour Beatty (LON:BBY) traded down GBX 2 ($0.03) during mid-day trading on Thursday, hitting GBX 295 ($3.94). 2,802,577 shares of the stock were exchanged, compared to its average volume of 1,790,000. Balfour Beatty has a 12 month low of GBX 252.50 ($3.38) and a 12 month high of GBX 298.90 ($4.00). The firm has a market capitalization of $2,050.00 and a price-to-earnings ratio of 9,833.33.
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Balfour Beatty 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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