Balfour Beatty (LON:BBY) Hits New 52-Week High - What's Next?

Key Points

• Balfour Beatty reached a new 52-week high of GBX 559.50 ($7.52) during mid-day trading, closing at the same price with a volume of 91,375 shares.
• The company has a market capitalization of £2.85 billion and a price-to-earnings ratio of 13.05, indicating strong financial performance.
• Balfour Beatty is recognized as a leading international infrastructure group with 26,000 employees across the UK, US, and Hong Kong, focusing on sustainable infrastructure solutions.

Balfour Beatty plc (LON:BBY - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 559.50 ($7.57) and last traded at GBX 559.50 ($7.57), with a volume of 91375 shares. The stock had previously closed at GBX 556 ($7.52).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Balfour Beatty from GBX 575 ($7.78) to GBX 650 ($8.79) and gave the stock a "buy" rating in a research note on Wednesday.

Balfour Beatty Trading Up 1.6%

The firm has a market cap of £2.90 billion, a price-to-earnings ratio of 13.28, 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. The company's 50-day moving average is GBX 523.36 and its 200-day moving average is GBX 480.62.

Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 ($0.19) 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 predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current 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.