BALFOUR BEATTY/S (OTCMKTS:BAFYY) Rating Increased to Strong-Buy at Zacks Investment Research

BALFOUR BEATTY/S (OTCMKTS:BAFYY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm currently has a $6.50 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 16.70% from the stock’s previous close.

According to Zacks, “Balfour Beatty plc is an infrastructure services company. Its operating segment consists of Construction Services, Support Services and Infrastructure Investments. Construction Services segment provides physical construction of an asset. Support Services segment engages in the support existing assets or functions such as asset maintenance and refurbishment. Infrastructure Investments segment involves in acquisition, operation and disposal of infrastructure assets such as PPP concessions, student accommodation and airports. Balfour Beatty plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine raised shares of BALFOUR BEATTY/S from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th.

OTCMKTS BAFYY traded down $0.04 during mid-day trading on Tuesday, hitting $5.57. The stock had a trading volume of 10,335 shares, compared to its average volume of 13,388. The firm’s 50 day moving average is $5.75 and its 200 day moving average is $5.69. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 7.96 and a beta of 0.74. BALFOUR BEATTY/S has a twelve month low of $4.56 and a twelve month high of $7.94.

BALFOUR BEATTY/S Company Profile

Balfour Beatty Plc engages in the provision of infrastructure services. It offers a range of capabilities in construction, civil engineering and mechanical & electrical engineering services. It operates through following business segments: Construction Services, Support Services, Infrastructure Investments, and Corporate Activities.

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