Balfour Beatty (LON:BBY) Hits New 1-Year High - Time to Buy?

Key Points

• Balfour Beatty shares hit a new **52-week high** reaching GBX 644.50 ($8.64) on Monday, demonstrating strong trading volume with 540,425 shares exchanged.
• Analysts have expressed positive sentiment, with **Deutsche Bank** and **Berenberg Bank** increasing their target prices and both giving the company a **"buy" rating**.
• The company reported earnings of **GBX 14.40** per share for the quarter and has a **market cap of £3.16 billion**, indicating solid financial performance amidst rising share prices.

Shares of Balfour Beatty plc (LON:BBY - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 644.50 ($8.64) and last traded at GBX 643.83 ($8.63), with a volume of 540425 shares changing hands. The stock had previously closed at GBX 636 ($8.53).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BBY shares. Deutsche Bank Aktiengesellschaft lifted their target price on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a report 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 report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 680.

Balfour Beatty Stock Up 1.0%

The stock has a 50-day moving average of GBX 582.29 and a two-hundred day moving average of GBX 512.96. The company has a market cap of £3.16 billion, a P/E ratio of 1,820.11, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

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 for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS 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.

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