Peel Hunt Boosts Balfour Beatty (BBY) Price Target to GBX 350

Balfour Beatty (LON:BBY) had its target price hoisted by Peel Hunt from GBX 340 ($4.70) to GBX 350 ($4.84) in a research note issued to investors on Tuesday, January 23rd. Peel Hunt currently has a buy rating on the stock.

BBY has been the topic of a number of other reports. Liberum Capital restated a buy rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a research note on Thursday, October 5th. Berenberg Bank restated a buy rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a research note on Tuesday, December 5th. Finally, Numis Securities restated a buy rating and issued a GBX 350 ($4.84) price target on shares of Balfour Beatty in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 329 ($4.55).

Balfour Beatty (LON BBY) traded down GBX 0.30 ($0.00) during trading hours on Tuesday, reaching GBX 271.50 ($3.75). The company had a trading volume of 2,320,000 shares, compared to its average volume of 2,260,000. The stock has a market capitalization of $1,870.00 and a price-to-earnings ratio of 9,050.00. Balfour Beatty has a 52-week low of GBX 252.50 ($3.49) and a 52-week high of GBX 311.70 ($4.31).

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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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