Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Balfour Beatty (LON:BBY) Stock

Balfour Beatty (LON:BBY) had its price target increased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 575 ($7.78) to GBX 650 ($8.79) in a research report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 16.07% from the stock’s previous close.

Balfour Beatty Trading Up 1.3%

BBY opened at GBX 560 ($7.58) on Wednesday. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The company’s 50 day simple moving average is GBX 523.36 and its two-hundred day simple moving average is GBX 480.62. Balfour Beatty has a 1-year low of GBX 365.80 ($4.95) and a 1-year high of GBX 580 ($7.85). The firm has a market capitalization of £2.86 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last released its earnings results on Wednesday, August 13th. The company reported GBX 14.40 ($0.19) earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. Analysts expect 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.