Balfour Beatty’s (BBY) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Balfour Beatty (LON:BBY) in a report released on Monday, Marketbeat reports. Berenberg Bank currently has a GBX 1,070 price target on the stock.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,120 target price on shares of Balfour Beatty in a report on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,096.67.

Balfour Beatty Price Performance

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

Balfour Beatty (LON:BBY) last posted its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. On average, sell-side analysts forecast that Balfour Beatty will post 43.31 EPS for the current year.

About Balfour Beatty

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.