Balfour Beatty (LON:BBY) Hits New 1-Year High - Still a Buy?

Key Points

• Balfour Beatty stock has reached a new 52-week high, trading at GBX 652.50 ($8.80) with notable trading volume of nearly 1 million shares.
• Analysts have provided positive updates, with Deutsche Bank and Berenberg Bank both upgrading their price targets and maintaining a "buy" rating for the stock.
• As of now, Balfour Beatty has an average analyst rating of "Buy" with a projected price target of GBX 680, reflecting confidence in the company’s future performance.

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 654.50 ($8.82) and last traded at GBX 652.50 ($8.80), with a volume of 957986 shares traded. The stock had previously closed at GBX 647 ($8.72).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Berenberg Bank lifted their target price on Balfour Beatty from GBX 660 to GBX 710 and gave the company a "buy" rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 680.

Balfour Beatty Stock Up 1.1%

The firm has a market cap of £3.20 billion, a PE ratio of 1,852.68, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The business has a 50-day moving average price of GBX 596.08 and a two-hundred day moving average price of GBX 521.04.

Balfour Beatty (LON:BBY - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, equities research analysts expect that Balfour Beatty plc 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.

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