Balfour Beatty (LON:BBY) Price Target Raised to GBX 710 at Berenberg Bank

Balfour Beatty (LON:BBY) had its target price upped by Berenberg Bank from GBX 660 to GBX 710 in a research note published on Monday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 680.

Balfour Beatty Stock Performance

Shares of BBY stock opened at GBX 620.18 on Monday. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a fifty day moving average price of GBX 552.25 and a 200 day moving average price of GBX 495.86. The stock has a market cap of £3.05 billion, a PE ratio of 1,756.88, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 1 year low of GBX 365.80 and a 1 year high of GBX 624.

Balfour Beatty (LON:BBY) last released its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Sell-side analysts forecast that Balfour Beatty will post 43.3100698 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.