The stock of Balfour Beatty plc (LON:BBY) is a huge mover today! The stock increased 4.91% or GBX 13.8 on November 10, hitting GBX 295.1. About 7.08 million shares traded hands or 353.85% up from the average. Balfour Beatty plc (LON:BBY) has risen 19.45% since April 12, 2016 and is uptrending. It has outperformed by 13.80% the S&P500.
The move comes after 8 months positive chart setup for the GBX 2.04 billion company. It was reported on Nov, 10 by Barchart.com. We have GBX 424.94 PT which if reached, will make LON:BBY worth GBX 897.60 million more.
Balfour Beatty plc (LON:BBY) Ratings Coverage
Out of 10 analysts covering Balfour Beatty PLC (LON:BBY), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Balfour Beatty PLC has been the topic of 38 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, September 9. Jefferies maintained the stock with “Buy” rating in Thursday, August 25 report. Numis Securities maintained it with “Add” rating and GBX 290 target price in Tuesday, August 11 report. Bank of America maintained the shares of BBY in a report on Wednesday, September 14 with “Neutral” rating. Liberum Capital maintained Balfour Beatty plc (LON:BBY) on Wednesday, February 17 with “Buy” rating. Liberum Capital maintained Balfour Beatty plc (LON:BBY) on Monday, April 11 with “Buy” rating. The rating was maintained by Liberum Capital on Wednesday, August 12 with “Buy”. The rating was maintained by Liberum Capital on Wednesday, September 23 with “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 17 report. As per Wednesday, August 17, the company rating was upgraded by Numis Securities.
More recent Balfour Beatty plc (LON:BBY) news were published by: Fool.Co.Uk which released: “Balfour Beatty plc jumps after results, but are Costain Group plc and …” on August 17, 2016. Also Businesswire.com published the news titled: “Balfour Beatty Communities Adds New Multifamily Management Contract in Panama …” on November 10, 2016. Fool.Co.Uk‘s news article titled: “Balfour Beatty plc Set To Reinstate Dividend (And Rival National Grid plc And …” with publication date: March 15, 2016 was also an interesting one.
Balfour Beatty plc is an infrastructure firm that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The company has a market cap of 2.04 billion GBP. The Firm operates through three divisions: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions. It currently has negative earnings. The Company’s Infrastructure Investments segment also includes housing development division.
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