Balfour Beatty (LON:BBY) Reaches New 12-Month High – Time to Buy?

Balfour Beatty plc (LON:BBY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 739.50 and last traded at GBX 738.97, with a volume of 65097 shares trading hands. The stock had previously closed at GBX 731.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Balfour Beatty has an average rating of “Buy” and an average price target of GBX 712.50.

Balfour Beatty Stock Performance

The firm has a market cap of £3.59 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business’s fifty day simple moving average is GBX 713.72 and its 200-day simple moving average is GBX 650.77. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

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.