Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Balfour Beatty (LON:BBY) Stock

Balfour Beatty (LON:BBY) had its price target boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 990 to GBX 1,100 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 17.24% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 price objective on shares of Balfour Beatty in a research note on Thursday. Berenberg Bank increased their target price on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Balfour Beatty currently has an average rating of “Buy” and an average target price of GBX 1,051.67.

Balfour Beatty Stock Performance

LON:BBY opened at GBX 938.25 on Wednesday. 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 has a market capitalization of £4.49 billion, a P/E ratio of 18.04, a PEG ratio of 3.75 and a beta of 0.59. The company has a 50 day moving average price of GBX 860.50 and a 200 day moving average price of GBX 806.92. Balfour Beatty has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 973.

Balfour Beatty (LON:BBY) last posted its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. Equities research analysts forecast that Balfour Beatty will post 43.3100698 EPS for the current 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.