Balfour Beatty (LON:BBY) Reaches New 12-Month High – What’s Next?

Shares of Balfour Beatty plc (LON:BBY) hit a new 52-week high on Wednesday . The stock traded as high as GBX 686 and last traded at GBX 674, with a volume of 118606 shares traded. The stock had previously closed at GBX 673.50.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BBY. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Berenberg Bank boosted their price target on Balfour Beatty from GBX 660 to GBX 710 and gave the stock a “buy” rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Balfour Beatty has a consensus rating of “Buy” and a consensus target price of GBX 680.

Balfour Beatty Price Performance

The company’s 50-day simple moving average is GBX 642.69 and its 200 day simple moving average is GBX 558.48. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The company has a market cap of £3.12 billion, a PE ratio of 18.98, a PEG ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last posted its earnings results on Wednesday, August 13th. The company reported GBX 14.40 EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, sell-side analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty Company Profile

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.