Peel Hunt reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a research report sent to investors on Friday. The brokerage currently has a GBX 350 ($4.84) price objective on the stock.
Other equities research analysts have also issued research reports about the stock. Liberum Capital reaffirmed a buy rating and issued a GBX 350 ($4.84) target price on shares of Balfour Beatty in a report on Friday, January 5th. Numis Securities raised shares of Balfour Beatty to a buy rating and set a GBX 350 ($4.84) target price on the stock in a report on Thursday, January 18th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 350 ($4.84) target price on shares of Balfour Beatty in a report on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Balfour Beatty presently has an average rating of Buy and an average target price of GBX 329 ($4.55).
Shares of Balfour Beatty (BBY) opened at GBX 278.51 ($3.85) on Friday. Balfour Beatty has a fifty-two week low of GBX 252.50 ($3.49) and a fifty-two week high of GBX 311.70 ($4.31). The firm has a market cap of $1,920.00 and a PE ratio of 9,283.67.
About Balfour Beatty
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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