Balfour Beatty plc (LON:BBY)‘s stock had its “hold” rating restated by research analysts at Beaufort Securities in a research report issued on Friday.
Other equities analysts have also issued reports about the company. Peel Hunt started coverage on Balfour Beatty plc in a research report on Tuesday, January 24th. They set an “add” rating and a GBX 300 ($3.71) price target on the stock. Liberum Capital restated a “buy” rating and set a GBX 335 ($4.14) price target on shares of Balfour Beatty plc in a research report on Sunday, March 12th. Berenberg Bank restated a “buy” rating and set a GBX 310 ($3.83) price target on shares of Balfour Beatty plc in a research report on Thursday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on Balfour Beatty plc from GBX 280 ($3.46) to GBX 273 ($3.37) and set a “neutral” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 297.43 ($3.67).
Shares of Balfour Beatty plc (LON:BBY) opened at 266.20 on Friday. The stock has a 50 day moving average of GBX 272.87 and a 200 day moving average of GBX 273.28. Balfour Beatty plc has a 52-week low of GBX 184.90 and a 52-week high of GBX 299.30. The firm’s market cap is GBX 1.81 billion.
The company also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, April 20th will be paid a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 0.66%. The ex-dividend date is Thursday, April 20th. This is a boost from Balfour Beatty plc’s previous dividend of $0.90.
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In other Balfour Beatty plc news, insider Philip Harrison sold 10,134 shares of Balfour Beatty plc stock in a transaction on Thursday, March 16th. The stock was sold at an average price of GBX 277 ($3.42), for a total transaction of £28,071.18 ($34,668.62). Also, insider Stuart John Doughty acquired 4,550 shares of the stock in a transaction on Friday, February 10th. The shares were bought at an average price of GBX 271 ($3.35) per share, with a total value of £12,330.50 ($15,228.48).
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.
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