Balfour Beatty (LON:BBY) had its price target boosted by investment analysts at UBS Group from GBX 355 ($4.64) to GBX 360 ($4.70) in a research report issued to clients and investors on Tuesday, February 5th, www.digitallook.com reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 22.74% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, October 17th. Peel Hunt reiterated a “buy” rating on shares of Balfour Beatty in a research report on Friday, December 14th. Finally, Berenberg Bank cut their price objective on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating for the company in a research report 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 company has a consensus rating of “Buy” and a consensus price target of GBX 345 ($4.51).
Shares of LON BBY traded up GBX 5.30 ($0.07) during mid-day trading on Tuesday, hitting GBX 293.30 ($3.83). 1,508,926 shares of the company were exchanged, compared to its average volume of 2,420,000. Balfour Beatty has a 1-year low of GBX 252.50 ($3.30) and a 1-year high of GBX 311.70 ($4.07).
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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