Balfour Beatty (LON:BBY) Insider Philip Harrison Sells 109,744 Shares

Balfour Beatty plc (LON:BBY) insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £876,854.56.

Balfour Beatty Stock Down 0.1%

Shares of LON BBY opened at GBX 823.50 on Friday. The stock has a market capitalization of £3.98 billion, a P/E ratio of 15.84, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a 50-day moving average price of GBX 758.12 and a 200-day moving average price of GBX 711.49. Balfour Beatty plc has a 1 year low of GBX 405.20 and a 1 year high of GBX 834.50. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, equities research analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 792.50.

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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.