Balfour Beatty’s (BBY) “Buy” Rating Reaffirmed at Berenberg Bank

by · The Markets Daily

Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Monday, MarketBeat.com reports. They presently have a GBX 1,070 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 27.76% from the stock’s current price.

BBY has been the topic of several other reports. 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,120 target price on shares of Balfour Beatty in a research note on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 1,096.67.

Check Out Our Latest Research Report on BBY

Balfour Beatty Stock Performance

Shares of BBY opened at GBX 837.50 on Monday. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. Balfour Beatty has a twelve month low of GBX 636.50 and a twelve month high of GBX 973. The firm’s 50 day moving average price is GBX 886.80 and its two-hundred day moving average price is GBX 854.73. The firm has a market cap of £3.93 billion, a P/E ratio of 16.04, a PEG ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY – Get Free Report) last released 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%. On average, analysts forecast that Balfour Beatty will post 43.31 EPS for the current fiscal year.

About Balfour Beatty

(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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