Balfour Beatty (LON:BBY) Price Target Raised to GBX 1,100

Key Points

• Deutsche Bank raised Balfour Beatty’s price target to GBX 1,100 from GBX 990 and maintained a “buy” rating, implying 17.24% potential upside.
• Analyst sentiment remains positive: Balfour Beatty has a consensus “Buy” rating and an average target price of GBX 1,051.67, with Jefferies and Berenberg also issuing buy recommendations.
• The shares opened at GBX 938.25 and were up 1.3%; the company recently reported quarterly earnings of GBX 21.70 per share and analysts expect full-year EPS of about GBX 43.31.

Balfour Beatty (LON:BBY - Get Free Report) had its price objective boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 990 to GBX 1,100 in a research note issued on Wednesday,Digital Look reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 17.24% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 985 target price on shares of Balfour Beatty in a research report on Thursday. Berenberg Bank raised their target price on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty has a consensus rating of "Buy" and an average target price of GBX 1,051.67.

Balfour Beatty Stock Up 1.3%

Shares of BBY opened at GBX 938.25 on Wednesday. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. Balfour Beatty has a one year low of GBX 549 and a one year high of GBX 973. The stock has a market capitalization of £4.49 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 3.75 and a beta of 0.59. The stock has a 50 day moving average price of GBX 860.50 and a 200 day moving average price of GBX 806.92.

Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. Equities research analysts forecast that Balfour Beatty will post 43.3100698 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.

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