Balfour Beatty (BBY) Receives News Impact Score of 2.57

Media headlines about Balfour Beatty (LON:BBY) have trended positive on Friday, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Balfour Beatty earned a news impact score of 2.57 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.

BBY has been the topic of several analyst reports. UBS Group upped their price objective on 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. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research note on Tuesday, April 2nd. Peel Hunt reiterated a “buy” rating on shares of Balfour Beatty in a research note on Wednesday, March 13th. Numis Securities reiterated a “buy” rating and issued a GBX 350 ($4.57) price objective on shares of Balfour Beatty in a research note on Wednesday, March 13th. Finally, Berenberg Bank lowered their price objective on 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Balfour Beatty presently has an average rating of “Buy” and a consensus target price of GBX 345 ($4.51).

LON BBY traded up GBX 1.40 ($0.02) during trading hours on Friday, reaching GBX 228.60 ($2.99). 746,020 shares of the company’s stock were exchanged, compared to its average volume of 2,420,000. The firm has a market cap of $1.56 billion and a PE ratio of 11.72. Balfour Beatty has a one year low of GBX 230.60 ($3.01) and a one year high of GBX 318.60 ($4.16). The company has a debt-to-equity ratio of 61.89, a current ratio of 0.96 and a quick ratio of 0.90.

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 16th will be given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Balfour Beatty’s previous dividend of $1.60. This represents a yield of 1.12%. Balfour Beatty’s dividend payout ratio is 0.26%.

In related news, insider Leo Quinn sold 211,216 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of GBX 267 ($3.49), for a total transaction 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 stock was sold at an average price of GBX 262 ($3.42), for a total value of £33,061.78 ($43,201.07).

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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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