Balfour Beatty plc (LON:BBY – Get Free Report)’s share price traded up 2.8% on Monday. The stock traded as high as GBX 879.50 and last traded at GBX 875. Approximately 1,606,187 shares traded hands during trading, a decline of 77% from the average daily volume of 7,121,576 shares. The stock had previously closed at GBX 851.50.
Analyst Ratings Changes
BBY has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,120 price objective on shares of Balfour Beatty in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,070 price target on shares of Balfour Beatty in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,096.67.
View Our Latest Report on Balfour Beatty
Balfour Beatty Stock Performance
The company has a market cap of £4.08 billion, a P/E ratio of 16.76, a PEG ratio of 3.75 and a beta of 0.59. The business’s 50 day simple moving average is GBX 875.70 and its 200 day simple moving average is GBX 828.46. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45.
Balfour Beatty (LON:BBY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. Sell-side analysts predict that Balfour Beatty plc will post 43.31 earnings per share for the current fiscal year.
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.
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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