Balfour Beatty (LON:BBY) Stock Keeps “Buy” Rating at Jefferies Financial Group

Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 1,120 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 35.35% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank lifted their target price on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,096.67.

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Balfour Beatty Stock Performance

Shares of LON:BBY traded down GBX 21.50 during mid-day trading on Wednesday, reaching GBX 827.50. 1,345,214 shares of the company traded hands, compared to its average volume of 6,243,970. The company’s 50 day moving average price is GBX 890.62 and its 200-day moving average price is GBX 852.04. The firm has a market cap of £3.88 billion, a PE ratio of 15.85, a PEG ratio of 3.75 and a beta of 0.59. Balfour Beatty has a 52 week low of GBX 636.50 and a 52 week high of GBX 973. The company has a debt-to-equity ratio of 95.45, a current ratio of 0.98 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. On average, equities analysts expect that Balfour Beatty will post 43.31 EPS for the current fiscal year.

Balfour Beatty Company Profile

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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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