Balfour Beatty’s (BBY) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Balfour Beatty (LON:BBY) in a research report report published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 985 price objective on the stock.

Separately, Berenberg Bank raised their price objective on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 1,051.67.

Balfour Beatty Price Performance

Balfour Beatty stock opened at GBX 914.81 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The company has a market capitalization of £4.38 billion, a PE ratio of 17.59, a P/E/G ratio of 3.75 and a beta of 0.59. Balfour Beatty has a 12 month low of GBX 560.50 and a 12 month high of GBX 973. The stock has a 50-day moving average price of GBX 864.79 and a two-hundred day moving average price of GBX 809.18.

Balfour Beatty (LON:BBY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. Analysts expect that Balfour Beatty will post 43.3100698 EPS for the current year.

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.

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.