Balfour Beatty (BBY) Reaches New 12-Month High at $301.60
Balfour Beatty plc (LON:BBY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 301.60 ($4.03) and last traded at GBX 295 ($3.94), with a volume of 2802577 shares trading hands. The stock had previously closed at GBX 297 ($3.97).
Several brokerages have issued reports on BBY. Numis Securities cut shares of Balfour Beatty to an “add” rating and set a GBX 350 ($4.68) price target for the company. in a research report on Friday, December 29th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 350 ($4.68) price objective on shares of Balfour Beatty in a research note on Thursday, December 21st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 ($4.55) price objective on shares of Balfour Beatty in a research note on Thursday, December 14th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 350 ($4.68) price objective on shares of Balfour Beatty in a research note on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 327.57 ($4.38).
The firm has a market capitalization of $2,020.00 and a P/E ratio of 9,766.67.
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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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