Balfour Beatty (LON:BBY – Get Free Report)‘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.
Check Out Our Latest Stock Analysis on BBY
Balfour Beatty Trading Up 0.7 %
Balfour Beatty (LON:BBY – Get Free Report) 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.
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