Balfour Beatty (LON:BBY) Hits New 52-Week 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 share price hit a new 52-week high on Wednesday . The company traded as high as GBX 624 ($8.46) and last traded at GBX 612 ($8.30), with a volume of 1281781 shares trading hands. The stock had previously closed at GBX 618.50 ($8.39).

Analysts Set New Price Targets

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

Balfour Beatty Trading Up 1.1%

The company has a market cap of £3.08 billion, a price-to-earnings ratio of 1,776.20, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business's fifty day moving average price is GBX 560.37 and its 200 day moving average price is GBX 500.16. 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 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%. Research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share 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.