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

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a note issued to investors on Wednesday, October 14th, Digital Look reports. They currently have a GBX 1,120 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 32.62% from the company’s current price.

Several other research analysts also recently commented on BBY. Berenberg Bank lifted their price target on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft upped their price target on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, Balfour Beatty has a consensus rating of “Buy” and a consensus price target of GBX 1,096.67.

Balfour Beatty Stock Performance

Shares of LON:BBY traded up GBX 7 during midday trading on Wednesday, hitting GBX 844.50. The company’s stock had a trading volume of 1,682,951 shares, compared to its average volume of 6,135,172. The stock has a market capitalization of £3.96 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 3.75 and a beta of 0.59. The stock’s 50 day simple moving average is GBX 886.80 and its 200 day simple moving average is GBX 854.73. Balfour Beatty has a fifty-two week low of GBX 636.50 and a fifty-two week high of GBX 973. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. As a group, research analysts anticipate that Balfour Beatty will post 43.31 earnings per share 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.

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.