Balfour Beatty (LON:BBY) Price Target Raised to GBX 715

Balfour Beatty (LON:BBY) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 650 to GBX 715 in a note issued to investors on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 1.13% from the stock’s previous close.

Separately, Berenberg Bank boosted their target price on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty presently has a consensus rating of “Buy” and an average price target of GBX 712.50.

Balfour Beatty Stock Performance

LON:BBY traded down GBX 14.50 on Thursday, hitting GBX 707. The stock had a trading volume of 1,932,802 shares, compared to its average volume of 2,570,128. The business’s 50-day simple moving average is GBX 666.03 and its two-hundred day simple moving average is GBX 587.66. The stock has a market cap of £3.29 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 52-week low of GBX 365.80 and a 52-week high of GBX 732.50. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85.

About Balfour Beatty

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.