Balfour Beatty (LON:BBY) Hits New 52-Week High – Time to Buy?

Balfour Beatty plc (LON:BBY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 891.50 and last traded at GBX 891.50, with a volume of 763399 shares traded. The stock had previously closed at GBX 872.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a research report on Monday, June 8th. Berenberg Bank boosted their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 856.67.

Balfour Beatty Trading Up 2.2%

The company has a fifty day simple moving average of GBX 829.11 and a two-hundred day simple moving average of GBX 776.18. 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 market capitalization of £4.25 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60.

Balfour Beatty (LON:BBY) last released its quarterly earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The company had revenue of GBX 452.20 billion during the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. On average, analysts forecast that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Balfour Beatty

In other Balfour Beatty news, insider Philip Hoare sold 121,214 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £876,854.56. 1.22% of the stock is currently owned by insiders.

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.