Balfour Beatty plc (BBY) Receives Buy Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Balfour Beatty plc (LON:BBY) in a research report report published on Wednesday, August 30th. The brokerage currently has a GBX 350 ($4.52) price objective on the stock.

BBY has been the topic of several other research reports. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 278 ($3.59) price objective on shares of Balfour Beatty plc in a research note on Friday, May 19th. Peel Hunt reaffirmed an add rating and set a GBX 300 ($3.87) target price on shares of Balfour Beatty plc in a research report on Thursday, May 18th. Berenberg Bank boosted their target price on Balfour Beatty plc from GBX 330 ($4.26) to GBX 350 ($4.52) and gave the stock a buy rating in a research report on Friday, August 25th. Finally, Numis Securities Ltd reaffirmed a buy rating and set a GBX 350 ($4.52) target price on shares of Balfour Beatty plc in a research report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 321.86 ($4.16).

Balfour Beatty plc (LON BBY) traded down 1.35% during mid-day trading on Wednesday, hitting GBX 262.40. 2,550,511 shares of the stock were exchanged. The firm’s market cap is GBX 1.78 billion. Balfour Beatty plc has a 12-month low of GBX 252.50 and a 12-month high of GBX 299.30. The company has a 50 day moving average of GBX 265.78 and a 200 day moving average of GBX 273.90.

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The business also recently declared 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 is Thursday, October 5th. This represents a dividend yield of 0.43%.

In other news, insider Leo Quinn purchased 100,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average price of GBX 263 ($3.40) per share, with a total value of £263,000 ($339,661.63). Insiders acquired 100,114 shares of company stock valued at $26,330,034 in the last ninety days.

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.

Analyst Recommendations for Balfour Beatty plc (LON:BBY)

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