Balfour Beatty (LON:BBY) Sets New 52-Week High - Should You Buy?

Key Points

• Balfour Beatty's share price reached a new 52-week high at GBX 675.50, closing at GBX 674.25 with a trading volume of 1,679,310 shares.
• Analysts from Deutsche Bank and Berenberg Bank have upgraded their price targets for the stock to GBX 650 and GBX 710 respectively, both assigning a "buy" rating.
• The company reported a net margin of 2.85% and a return on equity of 19.46%, with an anticipated EPS of approximately 43.31 for the current year.

Balfour Beatty plc (LON:BBY - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as GBX 675.50 ($9.00) and last traded at GBX 674.25 ($8.99), with a volume of 1679310 shares traded. The stock had previously closed at GBX 664.50 ($8.86).

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target 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. Berenberg Bank raised their price target 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 680.

Balfour Beatty Stock Up 1.8%

The firm has a market cap of £3.31 billion, a P/E ratio of 19.16, a P/E/G ratio of 3.75 and a beta of 0.81. The business's fifty day moving average price is GBX 624.08 and its two-hundred day moving average price is GBX 539.76. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

Balfour Beatty (LON:BBY - Get Free Report) last announced its 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%. As a group, equities research 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.

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