Balfour Beatty (LON:BBY) Earns Coverage Optimism Rating of -1.33

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News stories about Balfour Beatty (LON:BBY) have been trending somewhat negative on Sunday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Balfour Beatty earned a news impact score of -1.33 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Several brokerages have issued reports on BBY. Liberum Capital reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Friday, March 27th. Jefferies Financial Group increased their price objective on shares of Balfour Beatty to GBX 265 ($3.49) and gave the company a “hold” rating in a research report on Thursday, March 12th. Peel Hunt reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, April 29th. Berenberg Bank decreased their price target on shares of Balfour Beatty from GBX 350 ($4.60) to GBX 290 ($3.81) and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, UBS Group reissued a “buy” rating on shares of Balfour Beatty in a research report on Monday, March 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 315 ($4.14).

BBY stock opened at GBX 243.40 ($3.20) on Friday. Balfour Beatty has a twelve month low of GBX 165.30 ($2.17) and a twelve month high of GBX 296.94 ($3.91). The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 60.28. The company has a market capitalization of $1.68 billion and a P/E ratio of 12.95. The firm has a 50 day simple moving average of GBX 243.28 and a 200-day simple moving average of GBX 246.01.

The business also recently declared a dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, May 21st will be given a dividend of GBX 4.30 ($0.06) per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a dividend yield of 1.63%. This is an increase from Balfour Beatty’s previous dividend of $2.10. Balfour Beatty’s dividend payout ratio (DPR) is presently 0.32%.

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 Producer Price Index (PPI)?

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