Balfour Beatty (LON:BBY) Price Target Increased to GBX 400 by Analysts at Liberum Capital

Balfour Beatty (LON:BBY) had its price target lifted by Liberum Capital from GBX 350 ($4.60) to GBX 400 ($5.26) in a research report sent to investors on Thursday, January 9th, Stock Target Advisor reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on BBY. UBS Group reiterated a buy rating and set a GBX 340 ($4.47) price target (down previously from GBX 360 ($4.74)) on shares of Balfour Beatty in a report on Monday, December 16th. Peel Hunt reiterated a buy rating on shares of Balfour Beatty in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Balfour Beatty currently has a consensus rating of Buy and a consensus price target of GBX 337 ($4.43).

Shares of LON BBY opened at GBX 260.20 ($3.42) on Thursday. Balfour Beatty has a 12-month low of GBX 192.30 ($2.53) and a 12-month high of GBX 295.80 ($3.89). 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 has a market capitalization of $1.80 billion and a price-to-earnings ratio of 16.16. The firm has a 50 day moving average of GBX 251.34 and a 200 day moving average of GBX 230.58.

In related news, insider Leo Quinn purchased 13,322 shares of Balfour Beatty stock in a transaction on Friday, December 6th. The stock was bought at an average price of GBX 226 ($2.97) per share, with a total value of £30,107.72 ($39,605.00). In the last three months, insiders have purchased 13,447 shares of company stock valued at $3,040,799.

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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