Deutsche Bank reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 280 ($4.45) target price on the stock.
Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated its hold rating on shares of Sohu.Com. They have a $74.00 price target on that stock, up previously from $54.00. Also, Deutsche Bank upgraded shares of Banco de Chile from a hold rating to a buy rating. Deutsche Bank now has a $104.00 price target on that stock, up previously from $96.00. Finally, Deutsche Bank lowered its price target on shares of NuStar GP Holdings from $34.00 to $24.00. They have a hold rating on that stock.
Balfour Beatty (LON:BBY) traded down 0.58% on Friday, hitting GBX 276.60. 1,917,598 shares of the company’s stock traded hands. Balfour Beatty has a 1-year low of GBX 206.70 and a 1-year high of GBX 321.45. The stock has a 50-day moving average of GBX 253.0 and a 200-day moving average of GBX 240.5. The company’s market cap is £1.895 billion.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank raised their price target on shares of Balfour Beatty (LON:BBY) from GBX 270 ($4.29) to GBX 300 ($4.76) in a research note to investors on Tuesday, September 3rd. They now have a buy rating on the stock. Separately, analysts at Investec reiterated a sell rating on shares of Balfour Beatty (LON:BBY) in a research note to investors on Thursday, August 22nd. They now have a GBX 170 ($2.70) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Balfour Beatty (LON:BBY) from a hold rating to an add rating in a research note to investors on Wednesday, August 21st. They now have a GBX 285 ($4.53) price target on the stock, up previously from GBX 250 ($3.97).
Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Balfour Beatty currently has a consensus rating of Hold and a consensus target price of GBX 247.21 ($3.93).
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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