Balfour Beatty (LON:BBY) Rating Reaffirmed
JP Morgan Cazenove maintained their Neutral rating on Balfour Beatty (LON:BBY) in analysts note revealed to clients and investors on 10 December.
From a total of 8 analysts covering Balfour Beatty PLC (LON:BBY) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is GBX 330 while the lowest target price is GBX 185. The mean of all analyst targets is GBX 279.13 with a 9.81% above today’s (GBX 265.3) stock price. Balfour Beatty PLC was the topic of 15 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 10 with “Neutral” rating. JP Morgan maintained shares with “Neutral” rating and GBX 262 target share price in a report from an October 23. Goldman Sachs maintained BBY stock in a recent report from September 9 with “Neutral” rating. Numis Securities maintained the rating on August 11. Numis Securities has a “Add” rating and a GBX 290 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on an August 14.
Approximately 124,929 shares of stock traded hands. Balfour Beatty plc (LON:BBY) has risen 10.71% since May 13, 2015 and is uptrending. It has outperformed by 12.64% the S&P500.
The overall sentiment of institutions has decreased to 1.02 in Q2 2015. Its down 0.13, from 1.15 in 2015Q2. The ratio worsened, as 50 institutions have sold all the shares of Balfour Beatty plc that they owned while 168 funds have taken shares off the table. 56 funds have purchased shares for the first time while 166 added to their positions. These institutions now hold 299.53 million shares or 0.95% more than the 296.71 million shares they owned in 2015Q2.
The Fund Aristotle Fund L.P. currently is holding shares equating to 24.18% of its total portfolio in Balfour Beatty plc representing a total of 512,000 shares. Another fund,Peconic Partners Llc, is holding a total of 1.04 million shares equating to 6.31% of their holdings. Additionally, Minneapolis Portfolio Management Group Llc has a 738,846 share stake in Balfour Beatty plc which represents 4.59% of their total portfolio. The Fund, Mount Lucas Management Lp, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 3.96% of their total portfolio. Finally Decatur Capital Management Inc., a fund which is based in the state of Georgia reported a total holdings of 393,075 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 25, 2015, shareholders of Balfour Beatty plc have witnessed 0 buys, and a total of 7 selling transactions equating to a net activity of approximately $41.82 million . Schulze Richard M sold 197,500 shares worth approximately $7.35M. Vittecoq Gerard R sold 10,974 shares worth approximately $400,551. Nelsen Keith J sold 34,632 shares worth approximately $1.32 million. Mohan Rajendra M sold 40,000 shares worth approximately $1.54 million. The company insider Watson Mathew sold 800 shares worth $28,752.
Balfour Beatty plc is a United Kingdom infrastructure company. The company has a market cap of 1.79 billion GBP. The Firm finances, develops, manufactures and maintains infrastructure, such as transportation, power and utility systems, and social and commercial buildings. It currently has negative earnings. It operates through three divisions: Construction Services, Support Services and Infrastructure Investments.
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