April 4th, 2017 – By David Williams
According to The Cerbat Gem, Balfour Beatty PLC (LON:BBY) has been given a consensus recommendation of “Hold” from the all the brokerages that are covering the firm. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price forecasted by the brokers that have updated their recommendation is GBX 296 ($3.69).
Several equities research analysts have commented on BBY shares. Peel Hunt started coverage on shares of Balfour Beatty plc in a research report on Tuesday, January 24th. They set an “add” rating and a GBX 300 ($3.74) target price on the stock. Liberum Capital restated a “buy” rating on shares of Balfour Beatty plc in a research report on Wednesday, December 21st. Jefferies Group LLC lowered shares of Balfour Beatty plc to a “hold” rating and decreased their target price for the stock from GBX 290 ($3.62) to GBX 280 ($3.50) in a research report on Tuesday, March 28th. Berenberg Bank restated a “buy” rating and set a GBX 310 ($3.87) target price on shares of Balfour Beatty plc in a research report on Thursday, February 9th. Finally, Beaufort Securities restated a “hold” rating on shares of Balfour Beatty plc in a research report on Wednesday, December 14th.
Shares of Balfour Beatty plc (LON:BBY) opened at 267.50 on Tuesday. Balfour Beatty plc has a 52-week low of GBX 184.90 and a 52-week high of GBX 299.30. The company’s 50-day moving average is GBX 273.49 and its 200 day moving average is GBX 272.44. The firm’s market capitalization is GBX 1.82 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, April 20th will be given a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 20th. This is a positive change from Balfour Beatty plc’s previous dividend of $0.90. This represents a dividend yield of 0.66%.
In other Balfour Beatty PLC news, insider Stuart John Doughty acquired 4,550 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were acquired at an average cost of GBX 271 ($3.38) per share, for a total transaction of £12,330.50 ($15,391.96). Also, insider Philip Harrison sold 10,134 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of GBX 277 ($3.46), for a total transaction of £28,071.18 ($35,040.79).