Balfour Beatty (LON:BBY) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Balfour Beatty (LON:BBY) in a research note published on Monday, MarketBeat.com reports. Berenberg Bank currently has a GBX 510 ($6.62) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 500 ($6.49) to GBX 575 ($7.47) and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Price Performance

Shares of LON BBY opened at GBX 455 ($5.91) on Monday. Balfour Beatty has a fifty-two week low of GBX 341.20 ($4.43) and a fifty-two week high of GBX 476.40 ($6.19). The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 3.75 and a beta of 0.81. The business has a 50-day moving average of GBX 452.02 and a 200-day moving average of GBX 443.30.

Balfour Beatty (LON:BBY) last posted its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, sell-side analysts predict that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 12th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About Balfour Beatty

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.