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

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a note issued to investors on Monday, October 19th, Marketbeat Ratings reports. They currently have a GBX 1,070 price objective on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 25.88% from the company’s current price.

A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,120 target price on shares of Balfour Beatty in a research note on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 1,096.67.

Balfour Beatty Stock Performance

BBY stock traded up GBX 26.50 during midday trading on Monday, reaching GBX 850. The company had a trading volume of 107,718,250 shares, compared to its average volume of 7,034,627. The firm has a market capitalization of £3.98 billion, a PE ratio of 16.28, a P/E/G ratio of 3.75 and a beta of 0.59. The stock has a 50 day moving average price of GBX 881.39 and a 200 day moving average price of GBX 855.99. Balfour Beatty has a fifty-two week low of GBX 636.50 and a fifty-two week high of GBX 973. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 95.45.

Balfour Beatty (LON:BBY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. Analysts anticipate 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.