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

Balfour Beatty plc (LON:BBY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 686.50 and last traded at GBX 684, with a volume of 664250 shares changing hands. The stock had previously closed at GBX 672.50.

Analyst Upgrades and Downgrades

BBY has been the subject of several recent research reports. Berenberg Bank lifted their price target on Balfour Beatty from GBX 660 to GBX 710 and gave the stock a “buy” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised their price objective 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, the company currently has a consensus rating of “Buy” and an average price target of GBX 680.

Balfour Beatty Trading Up 1.9%

The company’s 50 day simple moving average is GBX 655.91 and its 200-day simple moving average is GBX 578.43. The firm has a market cap of £3.19 billion, a P/E ratio of 19.42, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85.

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.