Balfour Beatty plc (BBY) Insider Acquires £149.99 in Stock

Balfour Beatty plc (LON:BBY) insider Leo Quinn purchased 53 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of GBX 283 ($3.64) per share, with a total value of £149.99 ($192.67).

Leo Quinn also recently made the following trade(s):

  • On Tuesday, April 18th, Leo Quinn purchased 52 shares of Balfour Beatty plc stock. The shares were purchased at an average price of GBX 286 ($3.67) per share, with a total value of £148.72 ($191.03).

Balfour Beatty plc (LON:BBY) traded up 0.36% during midday trading on Wednesday, hitting GBX 281.80. 2,899,717 shares of the company traded hands. Balfour Beatty plc has a 12-month low of GBX 184.90 and a 12-month high of GBX 299.30. The stock’s 50-day moving average price is GBX 284.72 and its 200 day moving average price is GBX 274.38. The company’s market capitalization is GBX 1.91 billion.

Insider Buying and Selling by Quarter for Balfour Beatty plc (LON:BBY)

The business also recently declared a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, April 20th will be paid a GBX 1.80 ($0.02) dividend. The ex-dividend date is Thursday, April 20th. This represents a yield of 0.66%. This is a positive change from Balfour Beatty plc’s previous dividend of $0.90.

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A number of research firms have issued reports on BBY. Liberum Capital restated a “buy” rating and set a GBX 335 ($4.30) price target on shares of Balfour Beatty plc in a report on Thursday, May 18th. Peel Hunt restated an “add” rating and set a GBX 300 ($3.85) price target on shares of Balfour Beatty plc in a report on Thursday, March 16th. JPMorgan Chase & Co. upped their price target on shares of Balfour Beatty plc from GBX 273 ($3.51) to GBX 278 ($3.57) and gave the company a “neutral” rating in a report on Tuesday, April 25th. Jefferies Group LLC cut shares of Balfour Beatty plc to a “hold” rating and decreased their price target for the company from GBX 290 ($3.73) to GBX 280 ($3.60) in a report on Tuesday, March 28th. Finally, Bank of America Corp upgraded shares of Balfour Beatty plc to a “buy” rating and upped their price target for the company from GBX 295 ($3.79) to GBX 345 ($4.43) in a report on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 314 ($4.03).

About Balfour Beatty plc

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:BBY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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