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

Balfour Beatty plc (LON:BBY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 675.50 ($8.99) and last traded at GBX 674.25 ($8.98), with a volume of 1679310 shares trading hands. The stock had previously closed at GBX 664.50 ($8.85).

Analysts Set New Price Targets

Several brokerages recently commented on BBY. Deutsche Bank Aktiengesellschaft raised their target price on Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank increased their price objective on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 680.

Balfour Beatty Trading Up 1.8%

The company has a 50 day moving average of GBX 626.23 and a 200 day moving average of GBX 542.58. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The firm has a market cap of £3.31 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last released its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current 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.