JPMorgan Chase & Co. restated their neutral rating on shares of Balfour Beatty plc (LON:BBY) in a report released on Friday. JPMorgan Chase & Co. currently has a GBX 278 ($3.62) price target on the stock.
Several other brokerages have also issued reports on BBY. Numis Securities Ltd upgraded shares of Balfour Beatty plc to a buy rating and set a GBX 350 ($4.55) target price for the company in a research report on Friday, April 28th. Liberum Capital restated a buy rating and set a GBX 335 ($4.36) target price on shares of Balfour Beatty plc in a research report on Sunday, March 12th. Peel Hunt restated an add rating and set a GBX 300 ($3.90) target price on shares of Balfour Beatty plc in a research report on Thursday, March 16th. Beaufort Securities restated a hold rating on shares of Balfour Beatty plc in a research report on Friday, March 17th. Finally, Bank of America Corp upgraded shares of Balfour Beatty plc to a buy rating and boosted their target price for the company from GBX 295 ($3.84) to GBX 345 ($4.49) in a research report on Tuesday, April 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 314 ($4.08).
Balfour Beatty plc (LON:BBY) opened at 280.40 on Friday. The company’s market capitalization is GBX 1.91 billion. The company has a 50-day moving average of GBX 283.19 and a 200 day moving average of GBX 274.33. Balfour Beatty plc has a 12-month low of GBX 184.90 and a 12-month high of GBX 299.30.
The company also recently declared a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, April 20th will be given a GBX 1.80 ($0.02) dividend. This is a positive change from Balfour Beatty plc’s previous dividend of $0.90. This represents a dividend yield of 0.66%. The ex-dividend date is Thursday, April 20th.
In other Balfour Beatty plc news, insider Philip Harrison sold 10,134 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of GBX 277 ($3.60), for a total value of £28,071.18 ($36,517.73).
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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