Balfour Beatty (LON:BBY) Stock Jumps 2.8% – Here’s Why

by · The Cerbat Gem

Balfour Beatty plc (LON:BBY – Get Free Report) traded up 2.8% on Monday. The company traded as high as GBX 879.50 and last traded at GBX 875. 1,606,187 shares changed hands during mid-day 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 Upgrades and Downgrades

Several brokerages have issued reports on BBY. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,070 price objective on shares of Balfour Beatty in a research report on Monday, October 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,120 target price on shares of Balfour Beatty in a research report on Wednesday, October 14th. Finally, Deutsche Bank upped their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Balfour Beatty currently has a consensus rating of “Buy” and a consensus target price of GBX 1,096.67.

Get Our Latest Report on Balfour Beatty

Balfour Beatty Price Performance

The stock has a market cap of £4.17 billion, a PE ratio of 17.13, 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. The business has a fifty day moving average of GBX 875.61 and a 200 day moving average of GBX 829.27.

Balfour Beatty (LON:BBY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. Sell-side analysts anticipate that Balfour Beatty plc will post 43.31 earnings per share 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.

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