Deutsche Bank reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a report issued on Monday, AnalystRatings.NET reports. They currently have a GBX 280 ($4.47) target price on the stock.
Deutsche Bank has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of CRH PLC. Also, Deutsche Bank upgraded shares of IFM Investments Ltd from a hold rating to a buy rating. Finally, Deutsche Bank upgraded shares of Buckeye Partners from a hold rating to a buy rating. Deutsche Bank now has a $75.00 price target on that stock, up previously from $70.00.
Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd reiterated a hold rating on shares of Balfour Beatty in a research note to investors on Friday, October 11th. They now have a GBX 263 ($4.20) price target on the stock. Separately, analysts at RBC Capital reiterated an underperform rating on shares of Balfour Beatty in a research note to investors on Wednesday, September 25th. They now have a GBX 170 ($2.71) price target on the stock. Finally, analysts at Liberum Capital reiterated a buy rating on shares of Balfour Beatty in a research note to investors on Tuesday, September 24th. They now have a GBX 300 ($4.79) price target on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 243.07 ($3.88).
Shares of Balfour Beatty (LON:BBY) traded up 2.25% during mid-day trading on Monday, hitting GBX 281.176. The stock had a trading volume of 1,235,937 shares. 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 GBX 255.7 and its 200-day moving average is GBX 240.8. The company’s market cap is £1.926 billion.
Balfour Beatty plc is an integrated infrastructure services company. It operates in more than 80 countries.
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