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

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 510 ($6.63) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 13.11% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Balfour Beatty from GBX 500 ($6.50) to GBX 575 ($7.48) and gave the company a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty Stock Performance

Shares of Balfour Beatty stock opened at GBX 450.90 ($5.86) on Monday. The firm’s fifty day simple moving average is GBX 451.96 and its 200-day simple moving average is GBX 443.54. The stock has a market capitalization of £2.30 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 12 month low of GBX 341.20 ($4.44) and a 12 month high of GBX 476.40 ($6.19). 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 (LON:BBY) last announced its earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) EPS for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, equities analysts forecast that Balfour Beatty will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its board has authorized a share buyback program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often 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.