Several other research analysts also recently weighed in on the company. Peel Hunt upgraded Balfour Beatty to a buy rating and boosted their target price for the stock from GBX 300 ($4.02) to GBX 340 ($4.55) in a research note on Thursday, September 28th. Berenberg Bank boosted their target price on Balfour Beatty from GBX 330 ($4.42) to GBX 350 ($4.69) and gave the stock a buy rating in a research note on Friday, August 25th. Finally, Numis Securities restated a buy rating and set a GBX 350 ($4.69) target price on shares of Balfour Beatty in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and five have given 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 ($4.39).
Balfour Beatty (LON BBY) traded up GBX 1.10 ($0.01) on Friday, hitting GBX 261.30 ($3.50). The stock had a trading volume of 1,638,573 shares, compared to its average volume of 1,750,000. Balfour Beatty has a 52-week low of GBX 252.50 ($3.38) and a 52-week high of GBX 298.90 ($4.00).
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About Balfour Beatty
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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