Peel Hunt Reiterates Buy Rating for Balfour Beatty (BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a note issued to investors on Wednesday.

A number of other brokerages have also issued reports on BBY. Berenberg Bank cut their target price on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating on the stock in a research report on Monday, January 28th. Liberum Capital reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Monday, December 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 345 ($4.51).

Shares of BBY opened at GBX 282.30 ($3.69) on Wednesday. Balfour Beatty has a 52-week low of GBX 230.60 ($3.01) and a 52-week high of GBX 318.60 ($4.16). The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of 9.02. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 82.42.

About Balfour Beatty

Balfour Beatty plc finances, 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.

Further Reading: Municipal Bonds

Analyst Recommendations for Balfour Beatty (LON:BBY)

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