Balfour Beatty’s (BBY) Buy Rating Reiterated at Numis Securities

Numis Securities restated their buy rating on shares of Balfour Beatty (LON:BBY) in a research note published on Thursday. They currently have a GBX 350 ($4.71) price target on the stock.

A number of other brokerages have also commented on BBY. Liberum Capital reiterated a buy rating and issued a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Tuesday, October 31st. Peel Hunt upgraded shares of Balfour Beatty to a buy rating and upped their price target for the company from GBX 300 ($4.04) to GBX 340 ($4.58) in a research note on Thursday, September 28th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 350 ($4.71) price target on shares of Balfour Beatty in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Balfour Beatty has a consensus rating of Buy and an average price target of GBX 327.57 ($4.41).

Balfour Beatty (BBY) opened at GBX 286.90 ($3.86) on Thursday. The firm has a market cap of $1,980.00 and a PE ratio of 9,563.33. Balfour Beatty has a 52 week low of GBX 252.50 ($3.40) and a 52 week high of GBX 298.90 ($4.02).

In other Balfour Beatty news, insider Barbara Moorhouse acquired 4,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was purchased at an average price of GBX 269 ($3.62) per share, with a total value of £10,760 ($14,481.83). Insiders acquired a total of 4,165 shares of company stock valued at $1,120,870 in the last three months.

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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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