Balfour Beatty (LON:BBY) Sets New 1-Year High – Here’s What Happened

Balfour Beatty plc (LON:BBY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 973 and last traded at GBX 952.26, with a volume of 13847977 shares changing hands. The stock had previously closed at GBX 865.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Balfour Beatty currently has an average rating of “Buy” and a consensus target price of GBX 856.67.

Balfour Beatty Price Performance

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The company has a 50 day moving average price of GBX 857.98 and a 200 day moving average price of GBX 805.46. The firm has a market cap of £4.53 billion, a PE ratio of 18.21, a PEG ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 earnings per share for the quarter. The firm had revenue of GBX 452.20 billion for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. Sell-side analysts expect that Balfour Beatty plc will post 43.3100698 EPS 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.