Balfour Beatty (LON:BBY) Price Target Raised to GBX 1,070

Balfour Beatty (LON:BBY – Free Report) had its target price hoisted by Berenberg Bank from GBX 870 to GBX 1,070 in a report released on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 985 target price on shares of Balfour Beatty in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,051.67.

Get Balfour Beatty alerts:

View Our Latest Research Report on BBY

Balfour Beatty Stock Performance

LON BBY opened at GBX 914.81 on Thursday. The stock has a market cap of £4.38 billion, a PE ratio of 17.59, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The firm has a 50-day moving average of GBX 864.79 and a 200-day moving average of GBX 809.18. Balfour Beatty has a 52-week low of GBX 560.50 and a 52-week high of GBX 973.

Balfour Beatty (LON:BBY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, sell-side analysts anticipate that Balfour Beatty will post 43.3100698 EPS for the current year.

Balfour Beatty Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Balfour Beatty
• Is Best Buy the AI Winner Hiding in the Electronics Aisle?
• Applied Materials Beat Everything but Wall Street’s Expectations for Margins
• Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
• Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing

Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.