Berenberg Bank Reaffirms Buy Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Berenberg Bank in a research note issued on Monday, MarketBeat.com reports. They currently have a GBX 510 ($6.61) price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 13.13% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.46) and gave the stock a "buy" rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Performance

Shares of Balfour Beatty stock traded down GBX 2.20 ($0.03) during trading on Monday, hitting GBX 450.80 ($5.85). 2,913,814 shares of the company's stock were exchanged, compared to its average volume of 2,520,983. Balfour Beatty has a 52-week low of GBX 341.20 ($4.42) and a 52-week high of GBX 476.40 ($6.18). The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market capitalization of £2.30 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.75 and a beta of 0.81. The business has a 50-day simple moving average of GBX 452.79 and a 200-day simple moving average of GBX 444.03.

Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, research analysts forecast that Balfour Beatty will post 43.3100698 EPS for the current year.

Remove Ads

Balfour Beatty announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

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.