Balfour Beatty (LON:BBY) Given New GBX 1,070 Price Target at Berenberg Bank

Balfour Beatty (LON:BBY) had its target price lifted by investment analysts at Berenberg Bank from GBX 870 to GBX 1,070 in a research report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 15.12% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 price target on shares of Balfour Beatty in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 923.33.

Balfour Beatty Stock Performance

BBY stock opened at GBX 929.50 on Thursday. Balfour Beatty has a 1-year low of GBX 549 and a 1-year high of GBX 973. The business has a 50-day moving average price of GBX 860.50 and a 200 day moving average price of GBX 806.92. The company has a market capitalization of £4.45 billion, a P/E ratio of 17.88, a PEG ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last issued its earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The company had revenue of GBX 452.20 billion for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, equities research analysts forecast that Balfour Beatty will post 43.3100698 EPS for the current fiscal year.

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.