Balfour Beatty (LON:BBY) Price Target Raised to GBX 575

Balfour Beatty (LON:BBY) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.30) to GBX 575 ($7.24) in a research report released on Friday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 475 ($5.98) price objective on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Stock Up 1.5 %

LON:BBY opened at GBX 440.60 ($5.55) on Friday. The firm has a market capitalization of £2.24 billion, a P/E ratio of 1,049.05, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 12-month low of GBX 315.80 ($3.98) and a 12-month high of GBX 458 ($5.77). The stock’s fifty day simple moving average is GBX 437.03 and its 200-day simple moving average is GBX 406.66. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17.

Insider Buying and Selling

In other Balfour Beatty news, insider Robert MacLeod purchased 17,674 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of GBX 422 ($5.31) per share, for a total transaction of £74,584.28 ($93,923.03). Also, insider Philip Harrison sold 240,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.44), for a total value of £1,036,800 ($1,305,629.01). 1.15% of the stock is currently owned by insiders.

About Balfour Beatty

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.