Numis Securities downgraded shares of Balfour Beatty (LON:BBY) to an add rating in a research note issued to investors on Friday, December 29th. They currently have GBX 350 ($4.75) price objective on the stock.
A number of other brokerages have also weighed in on BBY. Liberum Capital reissued a buy rating and issued a GBX 350 ($4.75) target price on shares of Balfour Beatty in a research report on Thursday, December 21st. Peel Hunt restated a buy rating and set a GBX 340 ($4.61) price target on shares of Balfour Beatty in a research note on Thursday, December 14th. Finally, Berenberg Bank restated a buy rating and set a GBX 350 ($4.75) price target on shares of Balfour Beatty in a research note on Tuesday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 327.57 ($4.44).
Balfour Beatty (BBY) opened at GBX 307.60 ($4.17) on Friday. Balfour Beatty has a 52-week low of GBX 252.50 ($3.42) and a 52-week high of GBX 306.60 ($4.16). The firm has a market capitalization of $2,110.00 and a PE ratio of 10,253.33.
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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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