Balfour Beatty (LON:BBY) Reaches New 1-Year High - Should You Buy?

Key Points

• Balfour Beatty's stock reached a new 52-week high of GBX 599.50 ($8.10) amid strong trading activity, closing at GBX 588.50 ($7.95).
• Analysts have set new price targets for Balfour Beatty, with Berenberg Bank increasing its target from GBX 510 to GBX 660, and Deutsche Bank raising it from GBX 575 to GBX 650, both maintaining a "buy" rating.
• The company has a market capitalization of £2.99 billion and reported a quarterly EPS of GBX 14.40, with analysts expecting a total EPS of approximately 43.31 for the current fiscal year.

Shares of Balfour Beatty plc (LON:BBY - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 599.50 ($8.12) and last traded at GBX 588.50 ($7.97), with a volume of 190760 shares. The stock had previously closed at GBX 587 ($7.95).

Analysts Set New Price Targets

BBY has been the topic of several analyst reports. Berenberg Bank increased their price target on shares of Balfour Beatty from GBX 510 to GBX 660 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 655.

Balfour Beatty Stock Performance

The stock's 50-day moving average price is GBX 543.13 and its 200 day moving average price is GBX 491.01. 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 company has a market cap of £2.95 billion, a P/E ratio of 1,768.55, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

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