Peel Hunt Reaffirms “Buy” Rating for Balfour Beatty (LON:BBY)

Peel Hunt reiterated their buy rating on shares of Balfour Beatty (LON:BBY) in a research note issued to investors on Wednesday, March 14th. Peel Hunt currently has a GBX 350 ($4.91) target price on the stock.

A number of other research analysts have also recently commented on the stock. Numis Securities reissued a buy rating and set a GBX 350 ($4.91) target price on shares of Balfour Beatty in a research report on Wednesday, March 14th. Liberum Capital restated a buy rating and issued a GBX 350 ($4.91) price target on shares of Balfour Beatty in a research note on Monday, March 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 337.17 ($4.73).

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Balfour Beatty stock traded down GBX 1.20 ($0.02) during trading on Wednesday, reaching GBX 269.40 ($3.78). The company had a trading volume of 1,290,918 shares, compared to its average volume of 2,420,000. Balfour Beatty has a 12-month low of GBX 252.50 ($3.54) and a 12-month high of GBX 311.70 ($4.38).

Balfour Beatty (LON:BBY) last announced its quarterly earnings results on Wednesday, March 14th. The company reported GBX 20.90 ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 18.80 ($0.26) by GBX 2.10 ($0.03). The firm had revenue of GBX 691.60 billion for the quarter. Balfour Beatty had a net margin of 0.40% and a return on equity of 3.68%.

The firm also recently declared a dividend, which will be paid on Friday, July 6th. Shareholders of record on Thursday, April 19th will be issued a GBX 2.40 ($0.03) dividend. This represents a yield of 0.83%. This is an increase from Balfour Beatty’s previous dividend of $1.20. The ex-dividend date of this dividend is Thursday, April 19th.

In other Balfour Beatty news, insider Philip Harrison sold 11,802 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of GBX 284 ($3.99), for a total transaction of £33,517.68 ($47,048.96).

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About Balfour Beatty

Balfour Beatty plc finances, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment offers building, civil and ground engineering, mechanical and electrical services, rail engineering, and refurbishment and fit-out services.

Analyst Recommendations for Balfour Beatty (LON:BBY)

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