Liberum Capital reissued their buy rating on shares of Balfour Beatty (LON:BBY) in a research report report published on Friday morning. They currently have a GBX 350 ($4.84) target price on the stock.
Several other research firms also recently weighed in on BBY. Numis Securities raised Balfour Beatty to a buy rating and set a GBX 350 ($4.84) target price on the stock in a research report on Thursday, January 18th. Peel Hunt restated a buy rating and set a GBX 340 ($4.70) price objective on shares of Balfour Beatty in a report on Friday, January 5th. Finally, Berenberg Bank restated a buy rating and set a GBX 350 ($4.84) price objective 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 assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 329 ($4.55).
Balfour Beatty (LON:BBY) opened at GBX 273.10 ($3.77) on Friday. The firm has a market capitalization of $1,880.00 and a P/E ratio of 9,103.33. Balfour Beatty has a 12-month low of GBX 252.50 ($3.49) and a 12-month high of GBX 311.70 ($4.31).
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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