Balfour Beatty (BBY) Rating Reiterated by Numis Securities
BBY has been the subject of several other research reports. UBS Group increased their price objective on Balfour Beatty from GBX 355 ($4.64) to GBX 360 ($4.70) and gave the company a buy rating in a report on Tuesday, February 5th. Liberum Capital reiterated a buy rating on shares of Balfour Beatty in a report on Tuesday, December 4th. Peel Hunt restated a buy rating on shares of Balfour Beatty in a research note on Wednesday. Finally, Berenberg Bank reduced their target price on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a buy rating for the company in a research note on Monday, January 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 345 ($4.51).
Shares of BBY opened at GBX 283.40 ($3.70) on Wednesday. Balfour Beatty has a 12 month low of GBX 230.60 ($3.01) and a 12 month high of GBX 318.60 ($4.16). The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 82.42. The firm has a market cap of $1.93 billion and a PE ratio of 9.05.
About Balfour Beatty
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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