Balfour Beatty (BBY) Rating Reiterated by Numis Securities
Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities in a research report issued on Tuesday. They presently have a GBX 350 ($4.71) target price on the stock. Numis Securities’ price target would indicate a potential upside of 27.00% from the company’s previous close.
Several other equities analysts have also commented on the stock. Peel Hunt upgraded shares of Balfour Beatty to a “buy” rating and increased their price target for the company from GBX 300 ($4.04) to GBX 340 ($4.58) in a research note on Thursday, September 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Friday, November 10th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Tuesday, December 5th. Three 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 an average rating of “Buy” and a consensus target price of GBX 327.57 ($4.41).
Balfour Beatty (LON BBY) opened at GBX 275.60 ($3.71) on Tuesday. Balfour Beatty has a one year low of GBX 252.50 ($3.40) and a one year high of GBX 298.90 ($4.02).
In related news, insider Barbara Moorhouse purchased 4,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were bought at an average cost of GBX 269 ($3.62) per share, for a total transaction of £10,760 ($14,481.83). Insiders acquired 4,111 shares of company stock worth $1,105,858 over the last quarter.
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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