Balfour Beatty plc (LON:BBY) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 303 ($4.11) and last traded at GBX 302.20 ($4.10), with a volume of 2680299 shares trading hands. The stock had previously closed at GBX 302.20 ($4.10).
A number of research analysts have recently weighed in on the company. Liberum Capital reissued a “buy” rating and issued a GBX 350 ($4.75) price objective on shares of Balfour Beatty in a report on Friday, January 5th. Peel Hunt reissued a “buy” rating and issued a GBX 340 ($4.61) price objective on shares of Balfour Beatty in a report on Friday, January 5th. Finally, Numis Securities lowered Balfour Beatty to an “add” rating and set a GBX 350 ($4.75) price objective on the stock. in a report on Friday, December 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 327.57 ($4.44).
The firm has a market capitalization of $2,060.00 and a price-to-earnings ratio of 10,073.33.
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Balfour Beatty Company Profile
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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