City analysts built up expectations around Balfour Beatty by suggesting that three of the FTSE 250 infrastructure group’s main divisions may perform better than forecast.
Shares in the company picked up 14p to 272p.
Peel Hunt urged clients to buy Balfour Beatty, predicting that its UK construction division could beat its stated aspiration of a margin between 2 and 3%. Its US construction and British support services businesses could also exceed expectations. The three units are set to generate about 59% of earnings by 2019.
