Berenberg Bank Reaffirms “Buy” Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Monday, Marketbeat reports. They currently have a GBX 1,070 price objective on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 29.93% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 1,120 target price on shares of Balfour Beatty in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price of GBX 1,096.67.

Balfour Beatty Stock Down 0.2%

Shares of LON:BBY traded down GBX 1.50 on Monday, hitting GBX 823.50. 95,876,375 shares of the company traded hands, compared to its average volume of 6,545,871. The stock has a 50 day simple moving average of GBX 881.39 and a 200-day simple moving average of GBX 855.39. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 95.45. The company has a market cap of £3.86 billion, a PE ratio of 15.78, a PEG ratio of 3.75 and a beta of 0.59. Balfour Beatty has a 52 week low of GBX 636.50 and a 52 week high of GBX 973.

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