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

Key Points

• Balfour Beatty shares reached a new 52-week high of GBX 624 ($8.44), closing at GBX 612 ($8.28) with significant trading volume of 1,281,781 shares.
• Analysts have increased their price targets for Balfour Beatty, with Berenberg Bank raising its target from GBX 660 to GBX 710, affirming a "buy" rating.
• The company reported a net margin of 2.85% and a return on equity of 19.46% in its last quarterly earnings, with anticipated earnings per share for the current year at approximately 43.31.

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 624 ($8.44) and last traded at GBX 612 ($8.28), with a volume of 1281781 shares traded. The stock had previously closed at GBX 618.50 ($8.37).

Analyst Ratings Changes

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

Balfour Beatty Price Performance

The stock has a market capitalization of £3.02 billion, a P/E ratio of 1,741.04, a PEG ratio of 3.75 and a beta of 0.81. The stock's fifty day moving average is GBX 554.10 and its 200-day moving average is GBX 496.67. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

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

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