The Brokerages Set Balfour Beatty plc (BBY) Price Target at $290.80

The Brokerages Set Balfour Beatty plc (BBY) Price Target at $290.80

Shares of Balfour Beatty plc (LON:BBY) have been given an average rating of “Buy” by the seven ratings firms that are covering the company. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 290.80 ($3.54).

BBY has been the subject of a number of analyst reports. Beaufort Securities raised shares of Balfour Beatty plc to a “hold” rating in a research report on Thursday, August 18th. Liberum Capital reaffirmed a “buy” rating on shares of Balfour Beatty plc in a research report on Wednesday, September 21st. JPMorgan Chase & Co. decreased their target price on shares of Balfour Beatty plc from GBX 268 ($3.27) to GBX 240 ($2.93) and set a “neutral” rating for the company in a research report on Friday, July 8th. Berenberg Bank raised their target price on shares of Balfour Beatty plc from GBX 290 ($3.53) to GBX 310 ($3.78) and gave the company a “buy” rating in a research report on Friday, August 26th. Finally, Jefferies Group decreased their price objective on shares of Balfour Beatty plc from GBX 300 ($3.66) to GBX 290 ($3.53) and set a “buy” rating for the company in a research report on Thursday, August 25th.

Shares of Balfour Beatty plc (LON:BBY) opened at 271.90 on Thursday. The company’s market cap is GBX 1.85 billion. Balfour Beatty plc has a 1-year low of GBX 184.90 and a 1-year high of GBX 288.15. The company has a 50-day moving average of GBX 278.49 and a 200-day moving average of GBX 244.93.

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