Balfour Beatty (LON:BBY) Reaches New 12-Month High - What's Next?

Key Points

• Balfour Beatty's stock reached a new **52-week high** of GBX 674.50 ($8.98) during trading, closing slightly lower at GBX 667 ($8.89) with a volume of 514,609 shares traded.
• Recent analyst reports show a positive outlook, with **Berenberg Bank** raising its price target from GBX 660 to GBX 710 and maintaining a **"buy" rating**.
• Balfour Beatty reported an earnings per share (EPS) of GBX 14.40 for the last quarter, with analysts predicting an EPS of **43.31** for the current fiscal year.

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 674.50 ($8.98) and last traded at GBX 667 ($8.89), with a volume of 514609 shares changing hands. The stock had previously closed at GBX 668 ($8.90).

Wall Street Analyst Weigh In

BBY has been the subject of a number of recent analyst reports. Berenberg Bank lifted their price objective on Balfour Beatty from GBX 660 to GBX 710 and gave the company a "buy" rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 680.

Balfour Beatty Stock Down 0.3%

The stock has a market cap of £3.26 billion, a price-to-earnings ratio of 1,886.69, a PEG ratio of 3.75 and a beta of 0.81. 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 fifty day moving average of GBX 609.57 and a two-hundred day moving average of GBX 529.03.

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

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