Liberum Capital restated their buy rating on shares of Balfour Beatty plc (LON:BBY) in a research report report published on Monday. The brokerage currently has a GBX 350 ($4.60) price objective on the stock.
Other equities analysts have also issued research reports about the stock. Peel Hunt reissued an add rating and issued a GBX 300 ($3.95) price target on shares of Balfour Beatty plc in a report on Wednesday, August 16th. Numis Securities Ltd reissued a buy rating and issued a GBX 350 ($4.60) price target on shares of Balfour Beatty plc in a report on Wednesday, August 16th. Finally, Berenberg Bank increased their price target on shares of Balfour Beatty plc from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the stock a buy rating in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 327.57 ($4.31).
Shares of Balfour Beatty plc (LON BBY) opened at GBX 265 ($3.49) on Monday. Balfour Beatty plc has a twelve month low of GBX 252.50 ($3.32) and a twelve month high of GBX 298.90 ($3.93).
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In other Balfour Beatty plc news, insider Leo Quinn bought 100,000 shares of Balfour Beatty plc stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average price of GBX 263 ($3.46) per share, with a total value of £263,000 ($345,916.09). Also, insider Barbara Moorhouse bought 4,000 shares of Balfour Beatty plc stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average cost of GBX 269 ($3.54) per share, for a total transaction of £10,760 ($14,152.31). In the last ninety days, insiders have purchased 104,167 shares of company stock worth $27,420,754.
Balfour Beatty plc 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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