Balfour Beatty (LON:BBY) Price Target Raised to GBX 710

Balfour Beatty (LON:BBY) had its target price boosted by Berenberg Bank from GBX 660 to GBX 710 in a report published on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 680.

Balfour Beatty Stock Up 0.7%

Shares of LON:BBY opened at GBX 616 on Monday. The company has a market capitalization of £3.03 billion, a price-to-earnings ratio of 1,745.04, a P/E/G 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. The business’s 50-day moving average is GBX 556.25 and its 200-day moving average is GBX 497.49. Balfour Beatty has a 1 year low of GBX 365.80 and a 1 year high of GBX 624.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Equities research analysts predict that Balfour Beatty will post 43.3100698 earnings per share for the current year.

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.