Balfour Beatty (BBY) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a research report sent to investors on Tuesday morning. Berenberg Bank currently has a GBX 350 ($4.71) price objective on the stock.

Several other equities analysts have also commented on the company. Peel Hunt upgraded Balfour Beatty to a buy rating and raised their price target for the company from GBX 300 ($4.04) to GBX 340 ($4.58) in a research note on Thursday, September 28th. Liberum Capital restated a buy rating and set a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Friday, November 10th. Finally, Numis Securities restated a buy rating and set a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 327.57 ($4.41).

Shares of Balfour Beatty (BBY) opened at GBX 264.70 ($3.56) on Tuesday. Balfour Beatty has a 52 week low of GBX 252.50 ($3.40) and a 52 week high of GBX 298.90 ($4.02).

In other news, insider Barbara Moorhouse bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of GBX 269 ($3.62) per share, with a total value of £10,760 ($14,481.83). Insiders have purchased 4,167 shares of company stock valued at $1,120,754 in the last ninety days.

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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.

Analyst Recommendations for Balfour Beatty (LON:BBY)

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