BALFOUR BEATTY/S (OTCMKTS:BAFYY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage presently has a $6.50 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.70% from the company’s previous close.
According to Zacks, “Balfour Beatty plc is an infrastructure services company. Its operating segment consists of Construction Services, Support Services and Infrastructure Investments. Construction Services segment provides physical construction of an asset. Support Services segment engages in the support existing assets or functions such as asset maintenance and refurbishment. Infrastructure Investments segment involves in acquisition, operation and disposal of infrastructure assets such as PPP concessions, student accommodation and airports. Balfour Beatty plc is headquartered in London, the United Kingdom. “
Separately, ValuEngine upgraded BALFOUR BEATTY/S from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th.
Shares of BALFOUR BEATTY/S stock traded down $0.04 during trading hours on Tuesday, reaching $5.57. 10,335 shares of the company were exchanged, compared to its average volume of 13,388. The firm has a market cap of $1.93 billion, a PE ratio of 7.96 and a beta of 0.74. BALFOUR BEATTY/S has a 1 year low of $4.56 and a 1 year high of $7.94. The stock’s fifty day moving average is $5.75 and its 200 day moving average is $5.69.
About BALFOUR BEATTY/S
Balfour Beatty Plc engages in the provision of infrastructure services. It offers a range of capabilities in construction, civil engineering and mechanical & electrical engineering services. It operates through following business segments: Construction Services, Support Services, Infrastructure Investments, and Corporate Activities.
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