Balfour Beatty's (BBY) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Balfour Beatty and set a GBX 1,070 price target, implying 28.18% potential upside from the current price.
• Analyst sentiment remains positive: Deutsche Bank and Jefferies also rate the stock “Buy,” while the consensus target is GBX 1,096.67.
• Balfour Beatty opened at GBX 834.79, with a £3.91 billion market capitalization; the company reported quarterly EPS of GBX 21.70 and analysts expect full-year EPS of GBX 43.31.

Balfour Beatty (LON:BBY - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a report issued on Monday, London Stock Exchange reports. They presently have a GBX 1,070 price objective on the stock. Berenberg Bank's price objective would suggest a potential upside of 28.18% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,120 target price on shares of Balfour Beatty in a research report on Wednesday, October 14th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 1,096.67.

Balfour Beatty Stock Performance

Balfour Beatty stock opened at GBX 834.79 on Monday. The stock has a 50-day simple moving average of GBX 887.78 and a 200 day simple moving average of GBX 853.72. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 95.45. Balfour Beatty has a 12-month low of GBX 636.50 and a 12-month high of GBX 973. The stock has a market capitalization of £3.91 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. On average, research analysts anticipate that Balfour Beatty will post 43.31 earnings per share for the current fiscal year.

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.