Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by stock analysts at Numis Securities in a research note issued to investors on Wednesday. They presently have a GBX 350 ($4.84) target price on the stock. Numis Securities’ price target points to a potential upside of 22.63% from the stock’s previous close.
Several other research firms have also recently weighed in on BBY. Peel Hunt reissued a “buy” rating and set a GBX 350 ($4.84) price objective on shares of Balfour Beatty in a research report on Friday, February 16th. Liberum Capital reissued a “buy” rating and set a GBX 350 ($4.84) price objective on shares of Balfour Beatty in a research report on Thursday, December 21st. Finally, Berenberg Bank restated a “buy” rating and set a GBX 350 ($4.84) price target on shares of Balfour Beatty in a research note on Tuesday, December 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Balfour Beatty currently has a consensus rating of “Buy” and a consensus target price of GBX 329 ($4.55).
Balfour Beatty (LON BBY) opened at GBX 285.40 ($3.94) on Wednesday. Balfour Beatty has a 12-month low of GBX 252.50 ($3.49) and a 12-month high of GBX 311.70 ($4.31). The firm has a market capitalization of $1,950.00 and a PE ratio of 9,513.33.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.themarketsdaily.com/2018/03/14/balfour-beatty-bby-earns-buy-rating-from-numis-securities.html.
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.
Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.