Balfour Beatty (LON:BBY) Sets New 1-Year High - What's Next?

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.

Shares of Balfour Beatty plc (LON:BBY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 580 ($7.84) and last traded at GBX 580 ($7.84), with a volume of 1440403 shares. The stock had previously closed at GBX 574 ($7.76).

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BBY shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Berenberg Bank upped their price objective on shares of Balfour Beatty from GBX 510 to GBX 660 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 655.

Balfour Beatty Trading Up 1.3%

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 firm's 50-day simple moving average is GBX 532.21 and its 200 day simple moving average is GBX 485.87. The stock has a market capitalization of £3.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.75 and a beta of 0.81.

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