Berenberg Bank Reaffirms “Buy” Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a GBX 1,070 target price on the stock. Berenberg Bank‘s price objective indicates a potential upside of 30.81% from the stock’s current price.

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

Balfour Beatty Price Performance

LON BBY opened at GBX 818 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45. Balfour Beatty has a 12 month low of GBX 636.50 and a 12 month high of GBX 973. The stock has a market cap of £3.83 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 3.75 and a beta of 0.59. The company’s 50 day moving average is GBX 883.21 and its two-hundred day moving average is GBX 855.62.

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