Peel Hunt Reaffirms “Buy” Rating for Balfour Beatty (BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also commented on the stock. Liberum Capital restated a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research note on Wednesday, March 13th. Numis Securities restated a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research note on Wednesday, March 13th. UBS Group raised their price target on shares of Balfour Beatty from GBX 355 ($4.64) to GBX 360 ($4.70) and gave the company a “buy” rating in a research note on Tuesday, February 5th. Finally, Berenberg Bank dropped their price target on shares of Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating on the stock in a research note on Monday, January 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Balfour Beatty has an average rating of “Buy” and a consensus price target of GBX 345 ($4.51).

Shares of LON:BBY opened at GBX 243.80 ($3.19) on Thursday. Balfour Beatty has a 52 week low of GBX 230.60 ($3.01) and a 52 week high of GBX 318.60 ($4.16). The company has a market capitalization of $1.67 billion and a price-to-earnings ratio of 12.50. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 61.89.

In other news, insider Leo Quinn sold 211,216 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of GBX 267 ($3.49), for a total value of £563,946.72 ($736,896.28). Also, insider Philip Harrison sold 12,619 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 262 ($3.42), for a total transaction of £33,061.78 ($43,201.07).

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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