Balfour Beatty (LON:BBY) Earns Buy Rating from Jefferies Financial Group

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 985 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 19.39% from the stock’s previous close.

Separately, Berenberg Bank lifted their price target on Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 856.67.

Balfour Beatty Stock Performance

Shares of Balfour Beatty stock opened at GBX 825 on Monday. Balfour Beatty has a one year low of GBX 486.40 and a one year high of GBX 874. The firm has a market capitalization of £3.94 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 3.75 and a beta of 0.60. The business has a 50-day simple moving average of GBX 806.74 and a 200 day simple moving average of GBX 754.38. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

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

Balfour Beatty declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Philip Harrison sold 109,744 shares of Balfour Beatty 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 Balfour Beatty 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. 1.22% of the stock is owned by 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.