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

Key Points

• Berenberg Bank raised its target price for Balfour Beatty stock from GBX 660 to GBX 710, indicating a potential upside of 14.48% from its current price.
• Deutsche Bank also increased its price objective for Balfour Beatty shares from GBX 575 to GBX 650, reinforcing a positive outlook with a "buy" rating.
• Despite a recent trading increase of 0.3%, Balfour Beatty's shares have fluctuated between a 52-week low of GBX 365.80 and a high of GBX 624.

Balfour Beatty (LON:BBY - Get Free Report) had its price target hoisted by investment analysts at Berenberg Bank from GBX 660 to GBX 710 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 14.52% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 680.

Balfour Beatty Stock Performance

BBY traded down GBX 2 during trading on Monday, hitting GBX 620. The stock had a trading volume of 1,025,561 shares, compared to its average volume of 2,459,033. The company has a 50 day moving average price of GBX 560.37 and a 200-day moving average price of GBX 499.72. The firm has a market cap of £3.05 billion, a price-to-earnings ratio of 1,756.37, a P/E/G ratio of 3.75 and a beta of 0.81. Balfour Beatty has a one year low of GBX 365.80 and a one year high of GBX 627.25. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY - Get Free Report) last released 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%. As a group, research analysts predict that Balfour Beatty 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.