Berenberg Bank Reiterates “Buy” Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report issued on Monday,Digital Look reports. They currently have a GBX 510 ($6.59) target price on the stock. Berenberg Bank’s price target points to a potential upside of 12.93% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 500 ($6.46) to GBX 575 ($7.43) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Trading Up 0.7 %

Shares of BBY traded up GBX 3.20 ($0.04) during trading hours on Monday, hitting GBX 451.60 ($5.84). The company had a trading volume of 247,645 shares, compared to its average volume of 2,590,172. Balfour Beatty has a 52-week low of GBX 341.20 ($4.41) and a 52-week high of GBX 476.40 ($6.16). The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The stock’s 50 day moving average price is GBX 451.97 and its 200 day moving average price is GBX 443. The firm has a market cap of £2.30 billion, a P/E ratio of 10.54, a P/E/G ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last issued its earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. On average, research analysts predict that Balfour Beatty will post 43.3100698 EPS for the current year.

Balfour Beatty announced that its board has authorized a stock repurchase plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

About Balfour Beatty

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.