Panmure Gordon Reiterates Buy Rating for Balfour Beatty (BBY)

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Panmure Gordon reaffirmed their buy rating on shares of Balfour Beatty (LON: BBY) in a report issued on Monday, ARN reports. They currently have a GBX 310 ($4.72) target price on the stock.

Balfour Beatty (LON: BBY) traded down 0.36% on Monday, hitting GBX 220.50. Balfour Beatty has a 52-week low of GBX 206.70 and a 52-week high of GBX 321.45. The stock’s 50-day moving average is currently GBX 306.. The company’s market cap is £1.509 billion.

A number of other firms have also recently commented on BBY. Analysts at Investec cut their price target on shares of Balfour Beatty from GBX 190 ($2.90) to GBX 170 ($2.59) in a research note to investors on Wednesday, June 5th. They now have a sell rating on the stock. Separately, analysts at HSBC reiterated a neutral rating on shares of Balfour Beatty in a research note to investors on Tuesday, June 4th. They now have a GBX 260 ($3.96) price target on the stock, down previously from GBX 285 ($4.34). Finally, analysts at Deutsche Bank reiterated a hold rating on shares of Balfour Beatty in a research note to investors on Friday, May 31st. They now have a GBX 220 ($3.35) price target on the stock.

Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 241.33 ($3.68).

Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.

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