Balfour Beatty’s (BBY) Buy Rating Reiterated at Berenberg Bank

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

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

Balfour Beatty Price Performance

BBY stock traded down GBX 1.50 during midday trading on Monday, hitting GBX 823.50. The company’s stock had a trading volume of 95,876,375 shares, compared to its average volume of 6,545,871. Balfour Beatty has a 12 month low of GBX 636.50 and a 12 month high of GBX 973. 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 firm has a market capitalization of £3.86 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a 50 day moving average of GBX 881.39 and a two-hundred day moving average of GBX 855.39.

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