Balfour Beatty: shares helped by positive broker comments
(CercleFinance.com) - Shares of British construction group Balfour Beatty rose 3.
2% to 278.3 pence, after UBS upgraded the stock from "neutral" to "buy," raising its target price from 310 pence to 315 pence.
In a report to clients, UBS said its is "time to get more bullish" on the stock, adding that 2018 could be the year when the shares outperform.
Helped by these comments, Balfour Beatty was easily outperforming the 0.7 percent drop in the FTSE 100 index today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2% to 278.3 pence, after UBS upgraded the stock from "neutral" to "buy," raising its target price from 310 pence to 315 pence.
In a report to clients, UBS said its is "time to get more bullish" on the stock, adding that 2018 could be the year when the shares outperform.
Helped by these comments, Balfour Beatty was easily outperforming the 0.7 percent drop in the FTSE 100 index today.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.