Balfour Beatty plc (BBY) Price Target Cut to GBX 273 by Analysts at JPMorgan Chase & Co.
Balfour Beatty plc (LON:BBY) had its price objective decreased by JPMorgan Chase & Co. from GBX 280 ($3.46) to GBX 273 ($3.37) in a report issued on Friday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on the stock. Peel Hunt started coverage on shares of Balfour Beatty plc in a report on Tuesday, January 24th. They set an add rating and a GBX 300 ($3.71) price target for the company. Liberum Capital restated a buy rating on shares of Balfour Beatty plc in a report on Wednesday, December 21st. Berenberg Bank restated a buy rating and issued a GBX 310 ($3.83) price objective on shares of Balfour Beatty plc in a report on Thursday, February 9th. Finally, Beaufort Securities restated a hold rating on shares of Balfour Beatty plc in a report on Wednesday, December 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Balfour Beatty plc presently has a consensus rating of Buy and a consensus price target of GBX 297.43 ($3.67).
Balfour Beatty plc (LON:BBY) traded up 1.43% on Friday, hitting GBX 268.80. The stock had a trading volume of 2,984,179 shares. Balfour Beatty plc has a 12-month low of GBX 184.90 and a 12-month high of GBX 299.30. The company has a 50 day moving average of GBX 272.63 and a 200 day moving average of GBX 273.49. The company’s market capitalization is GBX 1.83 billion.
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The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, April 20th will be issued a GBX 1.80 ($0.02) dividend. This represents a yield of 0.66%. This is an increase from Balfour Beatty plc’s previous dividend of $0.90. The ex-dividend date is Thursday, April 20th.
In related news, insider Philip Harrison sold 10,134 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of GBX 277 ($3.42), for a total value of £28,071.18 ($34,668.62). Also, insider Stuart John Doughty acquired 4,550 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of GBX 271 ($3.35) per share, with a total value of £12,330.50 ($15,228.48).
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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