Shares of Balfour Beatty plc (LON:BBY) have been given an average recommendation of “Buy” by the eight analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 327.57 ($4.31).
Several brokerages have recently commented on BBY. Liberum Capital reissued a “buy” rating and issued a GBX 350 ($4.60) price objective on shares of Balfour Beatty plc in a research note on Friday. Peel Hunt raised Balfour Beatty plc to a “buy” rating and increased their price objective for the stock from GBX 300 ($3.95) to GBX 340 ($4.47) in a research note on Thursday, September 28th. Berenberg Bank increased their price objective on Balfour Beatty plc from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 350 ($4.60) price objective on shares of Balfour Beatty plc in a research note on Wednesday, August 16th.
Shares of Balfour Beatty plc (BBY) opened at GBX 276.23 ($3.63) on Friday. Balfour Beatty plc has a 52 week low of GBX 252.50 ($3.32) and a 52 week high of GBX 299.30 ($3.94).
The firm also recently announced a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, October 5th will be issued a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 0.43%. The ex-dividend date is Thursday, October 5th.
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In other Balfour Beatty plc news, insider Barbara Moorhouse bought 4,000 shares of Balfour Beatty plc stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of GBX 269 ($3.54) per share, with a total value of £10,760 ($14,152.31). Also, insider Leo Quinn bought 100,000 shares of Balfour Beatty plc stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of GBX 263 ($3.46) per share, with a total value of £263,000 ($345,916.09). Over the last ninety days, insiders bought 104,170 shares of company stock valued at $27,421,042.
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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