Berenberg Bank restated their buy rating on shares of Balfour Beatty (LON:BBY – Free Report) in a report published on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 475 ($6.06) target price on the stock.
Balfour Beatty Trading Up 0.9 %
Shares of BBY opened at GBX 411.60 ($5.26) on Thursday. The business’s 50-day moving average price is GBX 389.88 and its 200 day moving average price is GBX 370.14. The stock has a market capitalization of £2.11 billion, a P/E ratio of 1,176.00, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 1-year low of GBX 291.60 ($3.72) and a 1-year high of GBX 437.60 ($5.59). The company has a current ratio of 1.01, a quick ratio of 0.84 and a debt-to-equity ratio of 81.21.
Balfour Beatty Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be paid a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 0.93%. Balfour Beatty’s dividend payout ratio is currently 3,428.57%.
Insider Buying and Selling
About Balfour Beatty
Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.
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