Balfour Beatty PLC (BBY) Gets Consensus Recommendation of “Hold” by several Brokerages

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).

About David Williams 2 Articles
David Williams is a chartered accountant by profession. He looks for investments that generate strong value in the long run, and also assist investors avoid pitfalls through his analysis. He covers various equities that interest him and writes about these equities from a unique and “out of the box” perspective.

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