Balfour Beatty (LON:BBY) Hits New 52-Week High - Here's What Happened

Balfour Beatty plc (LON:BBY - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 472.80 ($5.94) and last traded at GBX 472.60 ($5.94), with a volume of 109182 shares. The stock had previously closed at GBX 466 ($5.86).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Balfour Beatty from GBX 500 ($6.28) to GBX 575 ($7.23) and gave the stock a "buy" rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Performance

The stock's 50-day moving average is GBX 450.67 and its 200-day moving average is GBX 435.85. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

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.