Balfour Beatty (LON:BBY) Given “Buy” Rating at Berenberg Bank

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat Ratings reports. They currently have a GBX 1,070 price target on the stock. Berenberg Bank‘s price target suggests a potential upside of 29.70% from the company’s previous close.

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

Balfour Beatty Trading Down 2.3%

Shares of LON BBY traded down GBX 19.50 during midday trading on Monday, reaching GBX 825. 990,193 shares of the stock were exchanged, compared to its average volume of 6,110,074. The stock has a market capitalization of £3.87 billion, a P/E ratio of 15.80, a PEG 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 company has a 50 day simple moving average of GBX 883.21 and a 200 day simple moving average of GBX 855.62. Balfour Beatty has a twelve month low of GBX 636.50 and a twelve month high of GBX 973.

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 return on equity of 22.88% and a net margin of 2.60%. As a group, equities analysts expect that Balfour Beatty will post 43.31 earnings per share 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.