The stock of Balfour Beatty plc (LON:BBYB) is a huge mover today! The stock increased 2.40% or GBX 2.8 on November 18, hitting GBX 119.3. About 121,958 shares traded hands or 65.60% up from the average. Balfour Beatty plc (LON:BBYB) has declined 1.69% since April 18, 2016 and is downtrending. It has underperformed by 6.12% the S&P500.
The move comes after 5 months negative chart setup for the GBX 1.93 billion company. It was reported on Nov, 18 by Barchart.com. We have GBX 109.76 PT which if reached, will make LON:BBYB worth GBX 154.40 million less.
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 1.93 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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