Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 985 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 19.39% from the company’s current price.
Separately, Berenberg Bank upped their price target on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 856.67.
Get Our Latest Stock Report on BBY
Balfour Beatty Trading Up 1.5%
Balfour Beatty (LON:BBY – Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 47.60 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. Equities research analysts forecast that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.
Balfour Beatty declared that its board has authorized a stock repurchase program on Wednesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Balfour Beatty
In related news, insider Philip Harrison sold 109,744 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £876,854.56. Also, insider Philip Hoare sold 121,214 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. Corporate insiders own 1.22% of the company’s stock.
Balfour Beatty Company Profile
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.
Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.
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