Balfour Beatty (LON:BBY) Hits New 1-Year High – What’s Next?

Shares of Balfour Beatty plc (LON:BBY) reached a new 52-week high on Wednesday . The company traded as high as GBX 711.50 and last traded at GBX 700.50, with a volume of 159778 shares. The stock had previously closed at GBX 704.50.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BBY. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank boosted their price target on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 680.

Balfour Beatty Trading Down 1.1%

The business’s 50-day moving average price is GBX 662.50 and its 200-day moving average price is GBX 585.86. The firm has a market capitalization of £3.24 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

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.