Peel Hunt reiterated their add rating on shares of Balfour Beatty plc (LON:BBY) in a research note issued to investors on Thursday. Peel Hunt currently has a GBX 300 ($3.71) price target on the stock.
A number of other research analysts also recently issued reports on BBY. Beaufort Securities restated a hold rating on shares of Balfour Beatty plc in a research report on Wednesday, December 14th. Liberum Capital restated a buy rating on shares of Balfour Beatty plc in a research report on Wednesday, December 21st. Finally, Berenberg Bank restated a buy rating and set a GBX 310 ($3.83) target price on shares of Balfour Beatty plc in a research report on Thursday, February 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Balfour Beatty plc presently has a consensus rating of Buy and an average price target of GBX 297.43 ($3.67).
Balfour Beatty plc (LON:BBY) opened at 266.20 on Thursday. Balfour Beatty plc has a 1-year low of GBX 184.90 and a 1-year high of GBX 299.30. The stock has a 50 day moving average price of GBX 272.87 and a 200-day moving average price of GBX 273.28. The stock’s market cap is GBX 1.81 billion.
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The company also recently declared a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, April 20th will be given a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 0.66%. This is an increase from Balfour Beatty plc’s previous dividend of $0.90. The ex-dividend date is Thursday, April 20th.
In related news, insider Philip Harrison sold 10,134 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of GBX 277 ($3.42), for a total value of £28,071.18 ($34,668.62). Also, insider Stuart John Doughty purchased 4,550 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was purchased at an average price of GBX 271 ($3.35) per share, for a total transaction of £12,330.50 ($15,228.48).
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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