Balfour Beatty (LON:BBY) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Balfour Beatty (LON:BBY) had its target price increased by research analysts at Berenberg Bank from GBX 870 to GBX 1,070 in a research note issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 15.12% from the stock’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 985 price target on shares of Balfour Beatty in a research note on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 923.33.

Balfour Beatty Price Performance

Shares of BBY stock opened at GBX 929.50 on Thursday. Balfour Beatty has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 973. The firm has a market capitalization of £4.45 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The stock’s 50-day simple moving average is GBX 860.50 and its 200-day simple moving average is GBX 806.92.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 452.20 billion for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, equities analysts forecast that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal 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.