Several other brokerages also recently commented on BBY. Jefferies Group lowered their price objective on shares of Balfour Beatty plc from GBX 300 ($3.92) to GBX 290 ($3.79) and set a buy rating for the company in a research report on Thursday, August 25th. Berenberg Bank boosted their price objective on shares of Balfour Beatty plc from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the company a buy rating in a research report on Friday, August 26th. Bank of America Corp. boosted their price objective on shares of Balfour Beatty plc from GBX 270 ($3.52) to GBX 280 ($3.65) and gave the company a neutral rating in a research report on Wednesday, September 14th. Beaufort Securities upgraded shares of Balfour Beatty plc to a hold rating in a research report on Thursday, August 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Balfour Beatty plc from GBX 240 ($3.13) to GBX 280 ($3.65) and gave the company a neutral rating in a research report on Thursday, August 18th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 287.33 ($3.75).
Shares of Balfour Beatty plc (LON:BBY) opened at 282.70 on Wednesday. The company’s market capitalization is GBX 1.92 billion. Balfour Beatty plc has a 52-week low of GBX 184.90 and a 52-week high of GBX 286.90. The company’s 50-day moving average price is GBX 262.84 and its 200-day moving average price is GBX 241.62.
The business also recently declared a dividend, which will be paid on Monday, December 5th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.36%.
In other Balfour Beatty plc news, insider Quinn,Leo acquired 104,225 shares of Balfour Beatty plc stock in a transaction that occurred on Monday, June 27th. The shares were bought at an average price of GBX 192 ($2.51) per share, with a total value of £200,112 ($261,208.72). Also, insider Billingham,Stephen R acquired 12,165 shares of Balfour Beatty plc stock in a transaction that occurred on Tuesday, July 5th. The stock was acquired at an average cost of GBX 204 ($2.66) per share, for a total transaction of £24,816.60 ($32,393.42).
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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