Balfour Beatty (LON:BBY) Sets New 1-Year High - Still a Buy?

Key Points

• Balfour Beatty's stock price has reached a new 52-week high, trading at GBX 632.50 ($8.60), with a volume of over 1 million shares exchanged.
• Analysts are optimistic about the stock, with Berenberg Bank and Deutsche Bank both raising their price targets and rating it as a "buy."
• The company reported earnings of GBX 14.40 per share last quarter, with an anticipated EPS of 43.31 for the current year.

Balfour Beatty plc (LON:BBY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 632.50 ($8.57) and last traded at GBX 629.50 ($8.53), with a volume of 1069419 shares. The stock had previously closed at GBX 620 ($8.40).

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBY. Berenberg Bank increased their target price on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the stock a "buy" rating in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of GBX 680.

Balfour Beatty Stock Down 1.3%

The stock has a market capitalization of £3.09 billion, a PE ratio of 1,783.29, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. 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 company's 50-day moving average is GBX 569.49 and its 200 day moving average is GBX 504.19.

Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current 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.