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

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a GBX 1,070 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 27.75% from the stock’s previous close.

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

Balfour Beatty Stock Performance

Shares of BBY opened at GBX 837.60 on Monday. The company has a 50-day moving average of GBX 885.16 and a two-hundred day moving average of GBX 855.24. The stock has a market cap of £3.93 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.75 and a beta of 0.59. Balfour Beatty has a one year low of GBX 636.50 and a one year high of GBX 973. The company has a debt-to-equity ratio of 95.45, a current ratio of 0.98 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last issued its earnings results 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%. On average, equities research analysts expect that Balfour Beatty will post 43.31 earnings per share 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.