Balfour Beatty (LON:BBY) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

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 currently have a GBX 1,070 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.70% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,120 price objective on shares of Balfour Beatty in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 1,096.67.

Balfour Beatty Price Performance

Shares of LON BBY opened at GBX 844.50 on Monday. Balfour Beatty has a twelve month low of GBX 636.50 and a twelve month high of GBX 973. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45. The company has a market capitalization of £3.96 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The business has a 50 day simple moving average of GBX 885.16 and a 200-day simple moving average of GBX 855.24.

Balfour Beatty (LON:BBY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (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 research 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.