Balfour Beatty (LON:BBY) Shares Climb 2.8% – Should You Buy?

Balfour Beatty plc (LON:BBY) traded up 2.8% on Monday. The company traded as high as GBX 879.50 and last traded at GBX 875. 1,606,187 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 7,121,576 shares. The stock had previously closed at GBX 851.50.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BBY. Berenberg Bank reiterated a “buy” rating and set a GBX 1,070 target price on shares of Balfour Beatty in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Jefferies Financial Group restated 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,096.67.

Balfour Beatty Stock Performance

The company has a market capitalization of £4.08 billion, a P/E ratio of 16.76, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. The business’s fifty day simple moving average is GBX 875.70 and its 200-day simple moving average is GBX 828.46.

Balfour Beatty (LON:BBY) last released 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%. As a group, equities analysts anticipate that Balfour Beatty plc will post 43.31 earnings per share for the current fiscal 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.