Balfour Beatty (BBY) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Balfour Beatty (LON: BBY) in the last few weeks:

  • 3/14/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 350 ($4.84) price target on the stock.
  • 3/14/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 350 ($4.84) price target on the stock.
  • 3/12/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 350 ($4.84) price target on the stock.
  • 3/8/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 350 ($4.84) price target on the stock.
  • 3/6/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 350 ($4.84) price target on the stock.
  • 2/16/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 350 ($4.84) price target on the stock.
  • 2/16/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 350 ($4.84) price target on the stock.
  • 2/8/2018 – Balfour Beatty had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 350 ($4.84) price target on the stock.
  • 1/23/2018 – Balfour Beatty had its price target raised by analysts at Peel Hunt from GBX 340 ($4.70) to GBX 350 ($4.84). They now have a “buy” rating on the stock.
  • 1/18/2018 – Balfour Beatty was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 350 ($4.84) price target on the stock.

Shares of Balfour Beatty stock traded up GBX 5.70 ($0.08) during mid-day trading on Monday, hitting GBX 282.60 ($3.90). 2,588,346 shares of the stock traded hands, compared to its average volume of 2,420,000. Balfour Beatty plc has a 52-week low of GBX 252.50 ($3.49) and a 52-week high of GBX 311.70 ($4.31). The firm has a market cap of $1,970.00 and a price-to-earnings ratio of 1,228.70.

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Balfour Beatty (LON:BBY) last released its earnings results on Wednesday, March 14th. The company reported GBX 20.90 ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 18.80 ($0.26) by GBX 2.10 ($0.03). The company 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 announced a dividend, which will be paid on Friday, July 6th. Shareholders of record on Thursday, April 19th will be issued a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date is Thursday, April 19th. This is a positive change from Balfour Beatty’s previous dividend of $1.20. This represents a yield of 0.83%.

In other Balfour Beatty news, insider Philip Harrison sold 11,802 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 284 ($3.92), for a total value of £33,517.68 ($46,307.93).

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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