Balfour Beatty (LON:BBY) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

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 Ratings reports. They presently have a GBX 1,070 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 27.31% from the company’s previous close.

Several other research analysts have also recently issued reports on BBY. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,120 target price on shares of Balfour Beatty in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on 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 analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,096.67.

Balfour Beatty Stock Performance

BBY opened at GBX 840.50 on Monday. Balfour Beatty has a 12-month low of GBX 636.50 and a 12-month 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 firm has a market capitalization of £3.94 billion, a PE ratio of 16.10, a P/E/G ratio of 3.75 and a beta of 0.59. The firm has a 50 day moving average of GBX 885.16 and a two-hundred day moving average of GBX 855.24.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data 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%. On average, 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.