Balfour Beatty (LON:BBY) Price Target Raised to GBX 660

Key Points

• Berenberg Bank raised its price target for Balfour Beatty from GBX 510 to GBX 660, indicating a potential upside of 16.09%, while maintaining a "buy" rating.
• Deutsche Bank also upgraded its price target on Balfour Beatty to GBX 650, reinforcing the stock's consensus rating of "Buy" from two analysts.
• Balfour Beatty shares are currently trading around GBX 568.50, with the company recently reporting earnings per share of GBX 14.40 and a return on equity of 19.46%.

Balfour Beatty (LON:BBY - Free Report) had its price objective upped by Berenberg Bank from GBX 510 to GBX 660 in a research report released on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Balfour Beatty from GBX 575 to GBX 650 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 655.

Balfour Beatty Stock Up 1.3%

LON:BBY traded up GBX 7.50 during midday trading on Tuesday, reaching GBX 590.50. The company had a trading volume of 1,412,511 shares, compared to its average volume of 2,108,808. The firm has a market capitalization of £3.01 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.75 and a beta of 0.81. The stock's fifty day simple moving average is GBX 532.21 and its 200-day simple moving average is GBX 485.73. Balfour Beatty has a 12-month low of GBX 365.80 and a 12-month high of GBX 594.50. 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 posted its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, sell-side analysts anticipate that Balfour Beatty 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.