UBS Group reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the stock. Liberum Capital reissued a buy rating on shares of Balfour Beatty in a research report on Wednesday. Numis Securities reissued a buy rating and set a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research report on Friday, May 31st. Peel Hunt reissued a buy rating on shares of Balfour Beatty in a research report on Wednesday. Finally, Jefferies Financial Group initiated coverage on shares of Balfour Beatty in a research report on Monday, July 29th. They set a hold rating and a GBX 245 ($3.20) price target for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of GBX 331 ($4.33).
Shares of BBY stock traded up GBX 7.20 ($0.09) during mid-day trading on Friday, reaching GBX 219.40 ($2.87). 2,549,349 shares of the company were exchanged, compared to its average volume of 2,420,000. Balfour Beatty has a fifty-two week low of GBX 192.30 ($2.51) and a fifty-two week high of GBX 300.10 ($3.92). The company has a debt-to-equity ratio of 61.89, a quick ratio of 0.90 and a current ratio of 0.96. The company has a market capitalization of $1.51 billion and a P/E ratio of 11.25. The business’s 50 day simple moving average is GBX 222.45 and its 200 day simple moving average is GBX 250.62.
About Balfour Beatty
Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
See Also: The primary rules of Elliott Wave theory
Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.