Balfour Beatty’s (BBY) Buy Rating Reaffirmed at Jefferies Financial Group

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1,120 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 33.41% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Berenberg Bank increased their target price on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft boosted 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. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,096.67.

Balfour Beatty Trading Up 1.9%

Shares of LON:BBY traded up GBX 16 during mid-day trading on Wednesday, reaching GBX 839.50. 1,656,045 shares of the company’s stock were exchanged, compared to its average volume of 6,199,337. Balfour Beatty has a twelve month low of GBX 636.50 and a twelve month high of GBX 973. 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 firm has a market capitalization of £3.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 3.75 and a beta of 0.59. The business’s fifty day moving average price is GBX 888.61 and its 200-day moving average price is GBX 853.04.

Balfour Beatty (LON:BBY) last issued its quarterly earnings results 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, research analysts predict that Balfour Beatty will post 43.31 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.