UBS Group reissued their buy rating on shares of Balfour Beatty (LON:BBY) in a research report report published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the company. Peel Hunt reiterated a buy rating on shares of Balfour Beatty in a research report on Wednesday, August 14th. Jefferies Financial Group initiated coverage on Balfour Beatty in a research report on Monday, July 29th. They set a hold rating and a GBX 245 ($3.20) price target for the company. Liberum Capital reiterated a buy rating and set a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research report on Friday, September 6th. Finally, Numis Securities restated a buy rating and issued a GBX 350 ($4.57) target price on shares of Balfour Beatty in a research report on Friday, May 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 331 ($4.33).
Shares of BBY traded up GBX 16.40 ($0.21) during trading hours on Thursday, reaching GBX 223.60 ($2.92). 12,897,947 shares of the company’s stock traded hands, compared to its average volume of 2,420,000. The stock has a market cap of $1.54 billion and a PE ratio of 13.89. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 72.73. The firm’s 50 day simple moving average is GBX 220.47 and its 200-day simple moving average is GBX 235.40. Balfour Beatty has a 12 month low of GBX 192.30 ($2.51) and a 12 month high of GBX 295.80 ($3.87).
The company also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 24th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 0.94%. Balfour Beatty’s payout ratio is 0.31%.
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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