Balfour Beatty (LON:BBY) Hits New 1-Year High - Time to Buy?

Key Points

• Balfour Beatty's shares reached a new 52-week high of GBX 600 ($8.06) during trading, closing at GBX 598.50 ($8.04) with a volume of 243,788 shares traded.
• Analysts have provided a "Buy" rating for Balfour Beatty, raising target prices significantly, with Berenberg Bank increasing the target from GBX 510 to GBX 660.
• The company's latest earnings report showed an EPS of GBX 14.40 and a return on equity of 19.46%, with forecasts estimating 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 mid-day trading on Thursday . The company traded as high as GBX 600 ($8.09) and last traded at GBX 598.50 ($8.07), with a volume of 243788 shares changing hands. The stock had previously closed at GBX 593.50 ($8.01).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Berenberg Bank boosted their price objective on Balfour Beatty from GBX 510 to GBX 660 and gave the company a "buy" rating in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft raised 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 655.

Balfour Beatty Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The firm has a market cap of £3.04 billion, a price-to-earnings ratio of 1,752.12, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The stock has a 50-day moving average of GBX 550.32 and a two-hundred day moving average of GBX 494.75.

Balfour Beatty (LON:BBY - Get Free Report) last posted its earnings results 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, analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS 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.