Balfour Beatty’s (BBY) Buy Rating Reiterated at UBS Group
UBS Group reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other analysts have also commented on BBY. Numis Securities reaffirmed a buy rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research note on Friday, May 31st. Liberum Capital reaffirmed a buy rating and set a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research note on Friday, September 6th. Peel Hunt reiterated a buy rating on shares of Balfour Beatty in a report on Wednesday, August 14th. Finally, Jefferies Financial Group assumed coverage on Balfour Beatty in a report on Monday, July 29th. They issued a hold rating and a GBX 245 ($3.20) price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Balfour Beatty presently has a consensus rating of Buy and an average target price of GBX 331 ($4.33).
BBY opened at GBX 229 ($2.99) on Thursday. The stock has a market cap of $1.58 billion and a PE ratio of 14.22. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 72.73. Balfour Beatty has a 1 year low of GBX 192.30 ($2.51) and a 1 year high of GBX 295.80 ($3.87). The stock’s 50 day simple moving average is GBX 215.06 and its 200-day simple moving average is GBX 242.64.
Balfour Beatty Company Profile
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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