Balfour Beatty (LON:BBY) Hits New 52-Week High – Here’s Why

Balfour Beatty plc (LON:BBY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 817.50 and last traded at GBX 817.37, with a volume of 1014168 shares trading hands. The stock had previously closed at GBX 782.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty presently has a consensus rating of “Buy” and an average target price of GBX 792.50.

Balfour Beatty Price Performance

The firm has a market capitalization of £3.95 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a fifty day moving average price of GBX 751.47 and a two-hundred day moving average price of GBX 708.58. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 earnings per share for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. On average, equities research analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty announced that its board has authorized a stock buyback plan on Wednesday, March 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Balfour Beatty Company Profile

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.