Balfour Beatty plc (LON:BBY) announced a dividend on Wednesday, August 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 24th will be paid a dividend of GBX 2.10 ($0.03) per share on Friday, December 6th. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 24th. The official announcement can be seen at this link.
Balfour Beatty stock opened at GBX 218.20 ($2.85) on Wednesday. The company has a 50 day moving average of GBX 224.04. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 61.89. The company has a market capitalization of $1.50 billion and a PE ratio of 11.19. Balfour Beatty has a 12-month low of GBX 193.10 ($2.52) and a 12-month high of GBX 301.70 ($3.94).
Several research firms have recently issued reports on BBY. Numis Securities reiterated a “buy” rating and issued a GBX 350 ($4.57) price objective on shares of Balfour Beatty in a report on Friday, May 31st. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Balfour Beatty in a report on Friday, August 9th. Peel Hunt reiterated a “buy” rating on shares of Balfour Beatty in a report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Balfour Beatty in a report on Monday, July 29th. They issued a “hold” rating and a GBX 245 ($3.20) price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Balfour Beatty currently has an average rating of “Buy” and an average price target of GBX 334.17 ($4.37).
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 Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
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