Is Buying 52-Week Stock Like Balfour Beatty plc a Winning Strategy?

 Is Buying 52 Week Stock Like Balfour Beatty plc a Winning Strategy?

The stock of Balfour Beatty plc (LON:BBY) hit a new 52-week high and has GBX 487.11 target or 64.00% above today’s GBX 297.02 share price. The 9 months bullish chart indicates low risk for the GBX 2.15 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 487.11 price target is reached, the company will be worth GBX 1.38 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.65% or GBX 1.92 on November 11, hitting GBX 297.02. About 2.75 million shares traded hands or 67.68% up from the average. Balfour Beatty plc (LON:BBY) has risen 23.84% since April 13, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.

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 company was maintained on Wednesday, September 23 by Liberum Capital. The rating was maintained by Liberum Capital with “Buy” on Friday, June 17. Numis Securities upgraded Balfour Beatty plc (LON:BBY) on Wednesday, August 17 to “Buy” rating. RBC Capital Markets upgraded Balfour Beatty plc (LON:BBY) on Monday, August 10 to “Outperform” rating. As per Tuesday, August 11, the company rating was maintained by Numis Securities. As per Wednesday, September 14, the company rating was maintained by Bank of America. JP Morgan maintained Balfour Beatty plc (LON:BBY) on Thursday, December 10 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, September 21 by Liberum Capital. The stock of Balfour Beatty plc (LON:BBY) earned “Neutral” rating by JP Morgan on Thursday, March 17. The rating was maintained by Liberum Capital on Monday, April 11 with “Buy”.

Another recent and important Balfour Beatty plc (LON:BBY) news was published by Fool.Co.Uk which published an article titled: “Balfour Beatty plc Set To Reinstate Dividend (And Rival National Grid plc And …” on March 15, 2016.

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 2.15 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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