Balfour Beatty (BBY) Earns “Buy” Rating from UBS Group

UBS Group reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on BBY. Liberum Capital reiterated a buy rating on shares of Balfour Beatty in a research report on Thursday, May 16th. Peel Hunt reiterated a buy rating on shares of Balfour Beatty in a research report on Thursday, May 16th. Berenberg Bank lowered their target price on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a buy rating on the stock in a research report on Monday, January 28th. Finally, Numis Securities reiterated a buy rating and set a GBX 350 ($4.57) target price on shares of Balfour Beatty in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 345 ($4.51).

Shares of LON BBY opened at GBX 228.80 ($2.99) on Thursday. The stock has a market cap of $1.56 billion and a P/E ratio of 11.73. Balfour Beatty has a 12-month low of GBX 230.60 ($3.01) and a 12-month high of GBX 318.60 ($4.16). The company has a debt-to-equity ratio of 61.89, a quick ratio of 0.90 and a current ratio of 0.96.

The business also recently announced 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 an increase from Balfour Beatty’s previous dividend of $1.60. This represents a yield of 1.12%. Balfour Beatty’s payout ratio is 0.26%.

In other Balfour Beatty news, insider Philip Harrison sold 12,619 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 262 ($3.42), for a total transaction of £33,061.78 ($43,201.07). Also, insider Leo Quinn sold 211,216 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of GBX 267 ($3.49), for a total value of £563,946.72 ($736,896.28).

Balfour Beatty Company Profile

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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Analyst Recommendations for Balfour Beatty (LON:BBY)

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