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

Balfour Beatty (LON:BBY) had its price target lifted by research analysts at Berenberg Bank from GBX 510 to GBX 660 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 14.98% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Balfour Beatty presently has an average rating of “Buy” and an average price target of GBX 655.

Balfour Beatty Trading Up 1.2%

Shares of LON BBY opened at GBX 574 on Tuesday. The firm has a market capitalization of £2.93 billion, a PE ratio of 13.40, a PEG ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. Balfour Beatty has a one year low of GBX 365.80 and a one year high of GBX 580. The business has a 50-day moving average price of GBX 528.87 and a two-hundred day moving average price of GBX 483.74.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, analysts predict that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.

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.