Balfour Beatty (BBY) Given Buy Rating at Peel Hunt

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 340 ($4.58) target price on the stock. Peel Hunt’s price target suggests a potential upside of 23.47% from the stock’s current price.

Several other brokerages have also weighed in on BBY. Liberum Capital reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Tuesday, October 31st. Berenberg Bank reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Tuesday, December 5th. Finally, Numis Securities reissued a “buy” rating and set a GBX 350 ($4.71) price objective on shares of Balfour Beatty in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 327.57 ($4.41).

Shares of Balfour Beatty (LON BBY) opened at GBX 275.37 ($3.71) on Thursday. Balfour Beatty has a fifty-two week low of GBX 252.50 ($3.40) and a fifty-two week high of GBX 298.90 ($4.02).

In related news, insider Barbara Moorhouse acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of GBX 269 ($3.62) per share, with a total value of £10,760 ($14,481.83). Over the last ninety days, insiders have purchased 4,111 shares of company stock valued at $1,105,858.

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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.

Analyst Recommendations for Balfour Beatty (LON:BBY)

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