Balfour Beatty (LON:BBY) Hits New 12-Month High – Should You Buy?

Balfour Beatty plc (LON:BBY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 973 and last traded at GBX 952.26, with a volume of 13847977 shares changing hands. The stock had previously closed at GBX 865.50.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 985 price objective on shares of Balfour Beatty in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 856.67.

Balfour Beatty Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The stock’s 50 day moving average price is GBX 857.98 and its two-hundred day moving average price is GBX 805.46. The firm has a market capitalization of £4.53 billion, a PE ratio of 18.21, a PEG ratio of 3.75 and a beta of 0.59.

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