Balfour Beatty (LON:BBY) Hits New 1-Year High – Time to Buy?

Balfour Beatty plc (LON:BBY) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 789.50 and last traded at GBX 767.75, with a volume of 716224 shares. The stock had previously closed at GBX 769.

Analysts Set New Price Targets

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

Balfour Beatty Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The company has a market capitalization of £3.69 billion, a PE ratio of 21.53, a PEG ratio of 3.75 and a beta of 0.81. The company’s 50 day moving average price is GBX 731.40 and its 200-day moving average price is GBX 675.91.

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.