Balfour Beatty (BBY) Given Buy Rating at Peel Hunt

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Peel Hunt reissued their buy rating on shares of Balfour Beatty (LON:BBY) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently weighed in on the company. Liberum Capital reiterated a buy rating on shares of Balfour Beatty in a report on Thursday. UBS Group reiterated a buy rating on shares of Balfour Beatty in a report on Friday, May 10th. Numis Securities reiterated a buy rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a report on Wednesday, March 13th. Finally, Berenberg Bank lowered their price target on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a buy rating for the company in a report on Monday, January 28th. One research analyst has rated the stock with a hold rating and five have assigned 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).

BBY opened at GBX 237 ($3.10) on Thursday. Balfour Beatty has a twelve month low of GBX 230.60 ($3.01) and a twelve month 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 company has a market cap of $1.62 billion and a PE ratio of 12.15.

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

In other Balfour Beatty news, insider Philip Harrison sold 12,619 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on Thursday, April 18th. The stock was 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.

Read More: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for Balfour Beatty (LON:BBY)

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