Balfour Beatty (LON:BBY) Reaches New 1-Year High - Here's Why

Key Points

• Balfour Beatty shares reached a new 52-week high of GBX 580 ($7.80) during trading, reflecting strong market interest.
• Analysts from Berenberg Bank and Deutsche Bank upgraded their price targets for the stock, setting them at GBX 660 and GBX 650, respectively, both advising a "buy" rating.
• The company reported a net margin of 2.85% and an expected earnings per share of 43.31 for the current fiscal year, indicating a stable financial outlook.

Balfour Beatty plc (LON:BBY - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 580 ($7.80) and last traded at GBX 580 ($7.80), with a volume of 1440403 shares trading hands. The stock had previously closed at GBX 574 ($7.72).

Analyst Ratings Changes

BBY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target 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 boosted their price target on Balfour Beatty from GBX 510 to GBX 660 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 655.

Balfour Beatty Stock Down 1.1%

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 stock has a market cap of £2.98 billion, a PE ratio of 13.63, a P/E/G ratio of 3.75 and a beta of 0.81. The business has a 50 day moving average price of GBX 533.94 and a 200 day moving average price of GBX 486.74.

Balfour Beatty (LON:BBY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported GBX 14.40 EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Equities research analysts expect that Balfour Beatty plc will post 43.3100698 EPS 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.