Balfour Beatty (LON:BBY) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Balfour Beatty from GBX 575 to GBX 650, indicating a potential upside of 16.07% based on the company's previous close.
• Balfour Beatty's stock price increased by 1.3% during trading, reaching GBX 560, with a trading volume of over 2 million shares.
• The company reported earnings of GBX 14.40 per share in its last quarterly results, with analysts predicting an EPS of 43.31 for the current fiscal year.

Balfour Beatty (LON:BBY - Get Free Report) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 575 ($7.78) to GBX 650 ($8.79) in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 16.07% from the company's previous close.

Balfour Beatty Stock Up 1.3%

Shares of BBY stock traded up GBX 7 ($0.09) during trading hours on Wednesday, hitting GBX 560 ($7.58). 2,112,126 shares of the company were exchanged, compared to its average volume of 2,132,871. The business has a 50 day moving average of GBX 523.36 and a two-hundred day moving average of GBX 480.62. 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 has a 52 week low of GBX 365.80 ($4.95) and a 52 week high of GBX 580 ($7.85). The company has a market capitalization of £2.86 billion, a PE ratio of 13.07, a PEG ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 ($0.19) earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. 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.

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