Berenberg Bank Forecasts Strong Price Appreciation for Balfour Beatty (LON:BBY) Stock

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 raised by Berenberg Bank from GBX 660 to GBX 710 in a research report issued on Monday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 14.52% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft upped 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 680.

Balfour Beatty Trading Down 0.3%

Shares of LON BBY traded down GBX 2 during mid-day trading on Monday, reaching GBX 620. The company had a trading volume of 1,025,561 shares, compared to its average volume of 2,459,033. The business's 50-day moving average is GBX 560.37 and its 200-day moving average is GBX 499.93. 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 stock has a market cap of £3.05 billion, a price-to-earnings ratio of 1,756.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 52 week low of GBX 365.80 and a 52 week high of GBX 627.25.

Balfour Beatty (LON:BBY - Get Free Report) last posted its quarterly 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%. Equities analysts expect that Balfour Beatty will post 43.3100698 earnings per share 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.