Berenberg Bank Reiterates Buy Rating for Balfour Beatty (BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Tuesday. They currently have a GBX 350 ($4.71) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 31.28% from the stock’s current price.

BBY has been the subject of several other research reports. Liberum Capital reissued a “buy” rating and issued a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Tuesday, October 31st. Peel Hunt raised Balfour Beatty to a “buy” rating and boosted their price objective for the company from GBX 300 ($4.04) to GBX 340 ($4.58) in a report on Thursday, September 28th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 327.57 ($4.41).

Shares of Balfour Beatty (LON:BBY) opened at GBX 266.60 ($3.59) on Tuesday. Balfour Beatty has a one year low of GBX 252.50 ($3.40) and a one year high of GBX 298.90 ($4.02).

In other Balfour Beatty news, insider Barbara Moorhouse purchased 4,000 shares of Balfour Beatty stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of GBX 269 ($3.62) per share, with a total value of £10,760 ($14,481.83). Insiders purchased a total of 4,167 shares of company stock valued at $1,120,754 in the last ninety days.

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About Balfour Beatty

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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