Balfour Beatty (LON:BBY) Stock Keeps Buy Rating at Berenberg Bank

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat reports. They currently have a GBX 1,070 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 26.70% from the company’s current price.

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

Balfour Beatty Stock Up 0.8%

Shares of BBY stock traded up GBX 7 on Monday, hitting GBX 844.50. 1,682,951 shares of the stock were exchanged, compared to its average volume of 6,135,172. 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 firm has a market capitalization of £3.96 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. Balfour Beatty has a fifty-two week low of GBX 636.50 and a fifty-two week high of GBX 973. The business has a 50-day moving average of GBX 886.80 and a 200 day moving average of GBX 854.73.

Balfour Beatty (LON:BBY) last announced its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. Equities analysts anticipate 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.