Balfour Beatty (LON:BBY) Reaches New 52-Week High – Here’s What Happened

Balfour Beatty plc (LON:BBY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 599.50 ($8.09) and last traded at GBX 588.50 ($7.95), with a volume of 190760 shares changing hands. The stock had previously closed at GBX 587 ($7.93).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Berenberg Bank lifted their price target on Balfour Beatty from GBX 510 to GBX 660 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Balfour Beatty from GBX 575 to GBX 650 and gave the company 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, Balfour Beatty has an average rating of “Buy” and a consensus target price of GBX 655.

Balfour Beatty Price Performance

The firm has a market cap of £2.94 billion, a P/E ratio of 1,761.13, a price-to-earnings-growth 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. The business has a 50-day moving average of GBX 541.12 and a two-hundred day moving average of GBX 489.94.

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%. On average, sell-side analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

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.