Balfour Beatty (LON:BBY) Given Buy Rating at Jefferies Financial Group

Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 1,120 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 35.35% from the stock’s current price.

Several other research firms have also weighed in on BBY. Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Berenberg Bank boosted their price objective on Balfour Beatty from GBX 870 to GBX 1,070 and gave the company a “buy” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,096.67.

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Balfour Beatty Trading Down 2.5%

LON BBY traded down GBX 21.50 during mid-day trading on Wednesday, reaching GBX 827.50. 1,345,214 shares of the stock were exchanged, compared to its average volume of 6,243,970. Balfour Beatty has a one year low of GBX 636.50 and a one year high of GBX 973. The stock has a 50 day simple moving average of GBX 890.62 and a 200-day simple moving average of GBX 852.04. The stock has a market cap of £3.88 billion, a P/E ratio of 15.85, a P/E/G ratio of 3.75 and a beta of 0.59. 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 earnings results 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, analysts anticipate that Balfour Beatty will post 43.31 EPS for the current 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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