Balfour Beatty plc (BBY) Receives Add Rating from Peel Hunt
Balfour Beatty plc (LON:BBY)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 300 ($3.89) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 14.29% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on BBY. J P Morgan Chase & Co upped their price objective on shares of Balfour Beatty plc from GBX 273 ($3.54) to GBX 278 ($3.61) and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Numis Securities Ltd raised shares of Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.54) price objective for the company in a research note on Friday, April 28th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 335 ($4.35) price objective on shares of Balfour Beatty plc in a research note on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Balfour Beatty plc presently has a consensus rating of “Buy” and an average target price of GBX 314 ($4.08).
Balfour Beatty plc (LON:BBY) opened at 262.50 on Wednesday. Balfour Beatty plc has a 1-year low of GBX 239.59 and a 1-year high of GBX 299.30. The stock’s 50 day moving average is GBX 265.76 and its 200 day moving average is GBX 274.06. The company’s market cap is GBX 1.78 billion.
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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