Balfour Beatty (LON:BBY) Price Target Raised to GBX 575 at Deutsche Bank Aktiengesellschaft

Balfour Beatty (LON:BBY - Get Free Report) had its target price raised by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 500 ($6.27) to GBX 575 ($7.21) in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 30.50% from the company's current price.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 475 ($5.95) price objective on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Trading Up 1.5 %

Balfour Beatty stock traded up GBX 6.40 ($0.08) during mid-day trading on Friday, hitting GBX 440.60 ($5.52). The company's stock had a trading volume of 1,636,187 shares, compared to its average volume of 1,904,513. The business has a 50 day moving average price of GBX 437.03 and a 200-day moving average price of GBX 406.44. Balfour Beatty has a 12 month low of GBX 315.80 ($3.96) and a 12 month high of GBX 458 ($5.74). The stock has a market cap of £2.24 billion, a price-to-earnings ratio of 1,049.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Insider Transactions at Balfour Beatty

In other news, insider Philip Harrison sold 240,000 shares of Balfour Beatty stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.42), for a total transaction of £1,036,800 ($1,299,736.74). Also, insider Leo Quinn sold 317,071 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.62), for a total transaction of £1,420,478.08 ($1,780,717.16). 1.15% of the stock is currently owned by company insiders.

About Balfour Beatty

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.