Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 12,619 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 262 ($3.42), for a total transaction of £33,061.78 ($43,201.07).
Shares of LON BBY opened at GBX 263 ($3.44) on Friday. The firm has a market capitalization of $1.79 billion and a P/E ratio of 13.49. Balfour Beatty plc has a one year low of GBX 230.60 ($3.01) and a one year high of GBX 318.60 ($4.16). The company has a debt-to-equity ratio of 61.56, a current ratio of 0.96 and a quick ratio of 0.90.
The company also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be given a GBX 3.20 ($0.04) dividend. This is a boost from Balfour Beatty’s previous dividend of $1.60. This represents a yield of 1.12%. The ex-dividend date of this dividend is Thursday, May 16th. Balfour Beatty’s dividend payout ratio (DPR) is 0.26%.
Several equities analysts recently commented on BBY shares. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research note on Tuesday, April 2nd. UBS Group restated a “buy” rating on shares of Balfour Beatty in a research report on Thursday, March 14th. Numis Securities restated a “buy” rating and set a GBX 350 ($4.57) price objective on shares of Balfour Beatty in a report on Wednesday, March 13th. Peel Hunt reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, March 13th. Finally, Berenberg Bank cut their price objective on shares of Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating for the company in a research report on Monday, January 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 345 ($4.51).
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Balfour Beatty Company Profile
Balfour Beatty plc finances, 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.
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