Shares of Balfour Beatty plc (LON:BBY) have received a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 329 ($4.55).
BBY has been the subject of several analyst reports. Numis Securities downgraded shares of Balfour Beatty to an “add” rating and set a GBX 350 ($4.84) price target for the company. in a report on Friday, December 29th. Peel Hunt reissued a “buy” rating and set a GBX 340 ($4.70) price target on shares of Balfour Beatty in a report on Friday, January 5th. Liberum Capital reissued a “buy” rating and set a GBX 350 ($4.84) price target on shares of Balfour Beatty in a report on Friday, January 5th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 350 ($4.84) price target on shares of Balfour Beatty in a report on Tuesday, December 5th.
Balfour Beatty (BBY) opened at GBX 274 ($3.79) on Tuesday. Balfour Beatty has a fifty-two week low of GBX 252.50 ($3.49) and a fifty-two week high of GBX 311.70 ($4.31). The company has a market cap of $1,880.00 and a PE ratio of 9,133.33.
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.
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