Jefferies Financial Group Reaffirms “Buy” Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 1,120 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 33.41% from the stock’s current price.

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

Balfour Beatty Stock Up 1.9%

LON BBY opened at GBX 839.50 on Wednesday. The company has a 50 day moving average of GBX 887.78 and a 200-day moving average of GBX 852.95. Balfour Beatty has a 1-year low of GBX 636.50 and a 1-year high of GBX 973. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45. The company has a market cap of £3.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 3.75 and a beta of 0.59.

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