Jefferies Financial Group Downgrades Balfour Beatty (LON:BBY) to Hold

Balfour Beatty (LON:BBY) was downgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Monday, ThisIsMoney.Co.Uk reports.

BBY has been the subject of a number of other reports. Peel Hunt restated a “buy” rating on shares of Balfour Beatty in a research report on Monday, June 1st. Berenberg Bank increased their target price on shares of Balfour Beatty to GBX 320 ($3.94) and gave the company a “buy” rating in a research note on Monday, June 8th. UBS Group reaffirmed a “buy” rating on shares of Balfour Beatty in a research note on Tuesday, June 2nd. Finally, Liberum Capital reissued a “buy” rating on shares of Balfour Beatty in a research report on Monday, June 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 313.75 ($3.86).

LON:BBY opened at GBX 260.80 ($3.21) on Monday. The firm has a market capitalization of $1.78 billion and a price-to-earnings ratio of 13.72. The company has a debt-to-equity ratio of 60.28, a current ratio of 0.93 and a quick ratio of 0.87. The business has a 50 day simple moving average of GBX 255.87 and a 200-day simple moving average of GBX 252.51. Balfour Beatty has a 1 year low of GBX 165.30 ($2.03) and a 1 year high of GBX 296.94 ($3.65).

In other news, insider Leo Quinn sold 172,973 shares of Balfour Beatty stock in a transaction on Monday, June 8th. The stock was sold at an average price of GBX 263 ($3.24), for a total transaction of £454,918.99 ($559,831.39). In the last quarter, insiders acquired 182 shares of company stock worth $44,965.

About Balfour Beatty

Balfour Beatty plc finances, designs, 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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Analyst Recommendations for Balfour Beatty (LON:BBY)

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