Balfour Beatty (LON:BBY) Sets New 52-Week High - Here's Why

Balfour Beatty plc (LON:BBY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 462.60 ($5.86) and last traded at GBX 454.20 ($5.76), with a volume of 2704056 shares changing hands. The stock had previously closed at GBX 451.40 ($5.72).

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BBY. Deutsche Bank Aktiengesellschaft upped their target price on Balfour Beatty from GBX 500 ($6.34) to GBX 575 ($7.29) and gave the company a "buy" rating in a research report on Friday, November 22nd. Berenberg Bank restated a "buy" rating and set a GBX 475 ($6.02) target price on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Stock Up 1.2 %

The company has a market capitalization of £2.33 billion, a PE ratio of 1,087.33, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The firm's 50-day simple moving average is GBX 438.66 and its 200 day simple moving average is GBX 408.02. The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99.

Insider Activity

In other news, insider Robert MacLeod acquired 17,674 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were bought at an average cost of GBX 422 ($5.35) per share, for a total transaction of £74,584.28 ($94,554.11). Also, insider Leo Quinn sold 317,071 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.68), for a total value of £1,420,478.08 ($1,800,808.92). 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.