Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Balfour Beatty (LON:BBY) Stock

Balfour Beatty (LON:BBY) had its target price boosted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 500 ($6.27) to GBX 575 ($7.21) in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 30.50% from the stock’s previous close.

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

Balfour Beatty Stock Performance

Shares of BBY opened at GBX 440.60 ($5.52) on Friday. The company’s 50 day moving average price is GBX 437.03 and its 200 day moving average price is GBX 406.44. Balfour Beatty has a 52 week low of GBX 315.80 ($3.96) and a 52 week high of GBX 458 ($5.74). The company has a market capitalization of £2.24 billion, a PE ratio of 1,049.05, a PEG ratio of 3.75 and a beta of 0.81. 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 Buying and Selling at Balfour Beatty

In other news, insider Philip Harrison sold 240,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.42), for a total value of £1,036,800 ($1,299,736.74). Also, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction on 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). Corporate 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.