Balfour Beatty (LON:BBY) Sets New 52-Week High – Time to Buy?

Balfour Beatty plc (LON:BBY) shares reached a new 52-week high on Friday . The stock traded as high as GBX 837 and last traded at GBX 834.84, with a volume of 2183314 shares traded. The stock had previously closed at GBX 818.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 792.50.

Balfour Beatty Stock Performance

The stock has a market cap of £4.02 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The company’s 50 day simple moving average is GBX 764.48 and its 200 day simple moving average is GBX 716.62.

Balfour Beatty (LON:BBY) last released its earnings results on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, equities research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its board has authorized a stock buyback plan on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Philip Harrison sold 109,744 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £876,854.56. Also, insider Philip Hoare sold 121,214 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. 1.09% of the stock is owned by corporate insiders.

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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.