Balfour Beatty (LON:BBY) Sets New 12-Month High - Here's What Happened

Balfour Beatty plc (LON:BBY - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 470.40 ($5.98) and last traded at GBX 455.88 ($5.79), with a volume of 1420960 shares trading hands. The stock had previously closed at GBX 452.40 ($5.75).

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 500 ($6.35) to GBX 575 ($7.31) and gave the stock a "buy" rating in a report on Friday, November 22nd. Berenberg Bank reissued a "buy" rating and set a GBX 475 ($6.04) price objective on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Price Performance

The firm has a 50-day moving average of GBX 440.38 and a 200-day moving average of GBX 410.38. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The stock has a market cap of £2.29 billion, a PE ratio of 1,116.19, a PEG ratio of 3.75 and a beta of 0.81.

Insider Transactions at Balfour Beatty

In other Balfour Beatty news, insider Philip Harrison sold 240,000 shares of Balfour Beatty stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.49), for a total transaction of £1,036,800 ($1,317,407.88). Also, insider Leo Quinn sold 317,071 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.69), for a total transaction of £1,420,478.08 ($1,804,927.67). Company insiders own 1.15% of the company's stock.

Balfour Beatty Company Profile

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.