Balfour Beatty plc (BBY) Receives GBX 314 Consensus Target Price from Brokerages

Shares of Balfour Beatty plc (LON:BBY) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 310.50 ($4.05).

Several equities analysts have weighed in on BBY shares. Bank of America Corporation raised Balfour Beatty plc to a “buy” rating and increased their price objective for the company from GBX 295 ($3.85) to GBX 345 ($4.51) in a report on Tuesday, April 11th. J P Morgan Chase & Co raised their price target on Balfour Beatty plc from GBX 273 ($3.56) to GBX 278 ($3.63) and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 335 ($4.37) price target on shares of Balfour Beatty plc in a report on Monday, March 20th. Numis Securities Ltd upgraded Balfour Beatty plc to a “buy” rating and set a GBX 350 ($4.57) price target on the stock in a research report on Friday, April 28th. Finally, Jefferies Group LLC cut Balfour Beatty plc to a “hold” rating and reduced their price objective for the company from GBX 290 ($3.79) to GBX 280 ($3.66) in a research note on Tuesday, March 28th.

Balfour Beatty plc (BBY) opened at 270.40 on Tuesday. Balfour Beatty plc has a 1-year low of GBX 213.70 and a 1-year high of GBX 299.30. The firm’s 50-day moving average price is GBX 278.89 and its 200 day moving average price is GBX 274.75. The stock’s market cap is GBX 1.84 billion.

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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.

Analyst Recommendations for Balfour Beatty plc (LON:BBY)

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