Balfour Beatty (LON:BBY) Stock Rating Reaffirmed as Buy by Berenberg Bank

by · The Markets Daily

Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a GBX 1,070 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 27.76% from the stock’s previous close.

Several other research analysts have also recently issued reports on BBY. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,120 price objective on shares of Balfour Beatty in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Balfour Beatty presently has a consensus rating of “Buy” and an average target price of GBX 1,096.67.

Read Our Latest Stock Analysis on Balfour Beatty

Balfour Beatty Stock Performance

Shares of LON:BBY opened at GBX 837.50 on Monday. The firm has a market cap of £3.93 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The firm’s 50 day simple moving average is GBX 886.80 and its 200-day simple moving average is GBX 854.73. Balfour Beatty has a one year low of GBX 636.50 and a one year high of GBX 973. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98.

Balfour Beatty (LON:BBY – Get Free Report) last posted its quarterly 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 2.60% and a return on equity of 22.88%. As a group, equities analysts predict that Balfour Beatty will post 43.31 EPS for the current year.

Balfour Beatty Company Profile

(Get Free Report)

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.

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