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

Balfour Beatty plc (LON:BBY)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 891.50 and last traded at GBX 891.50, with a volume of 763399 shares changing hands. The stock had previously closed at GBX 872.

Analyst Ratings Changes

Several analysts have recently commented on BBY shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 target price on shares of Balfour Beatty in a research report on Monday, June 8th. Berenberg Bank increased their price objective on Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty presently has an average rating of “Buy” and a consensus target price of GBX 856.67.

Balfour Beatty Price Performance

The stock’s 50-day moving average is GBX 829.11 and its 200 day moving average is GBX 776.18. The stock has a market capitalization of £4.25 billion, a PE ratio of 17.14, a P/E/G ratio of 3.75 and a beta of 0.60. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last released its earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The company had revenue of GBX 452.20 billion during the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, equities analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

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

Insider Buying and Selling at Balfour Beatty

In other Balfour Beatty news, insider Philip Harrison sold 109,744 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was 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 business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £968,499.86. 1.22% of the stock is currently owned by company 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.