Berenberg Bank Reaffirms Buy Rating for Balfour Beatty (LON:BBY)

Berenberg Bank restated their buy rating on shares of Balfour Beatty (LON:BBY) in a research note issued to investors on Monday, Marketbeat.com reports. Berenberg Bank currently has a GBX 510 ($6.63) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Balfour Beatty from GBX 500 ($6.50) to GBX 575 ($7.48) and gave the stock a “buy” rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Performance

LON BBY opened at GBX 455 ($5.92) on Monday. The firm has a 50-day moving average of GBX 452.36 and a 200-day moving average of GBX 443.79. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market cap of £2.32 billion, a PE ratio of 10.62, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 52-week low of GBX 341.20 ($4.44) and a 52-week high of GBX 476.40 ($6.20).

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. On average, sell-side analysts anticipate that Balfour Beatty will post 43.3100698 EPS for the current year.

Balfour Beatty Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 15th will be given a GBX 8.70 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from Balfour Beatty’s previous dividend of $3.80. This represents a dividend yield of 1.92%. Balfour Beatty’s payout ratio is presently 28.02%.

Balfour Beatty declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.