Balfour Beatty (LON:BBY) Insider Philip Hoare Sells 121,214 Shares

Balfour Beatty plc (LON:BBY) insider Philip Hoare sold 121,214 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86.

Balfour Beatty Trading Down 0.1%

Balfour Beatty stock opened at GBX 823.50 on Friday. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The company has a market capitalization of £3.98 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 3.75 and a beta of 0.59. Balfour Beatty plc has a one year low of GBX 405.20 and a one year high of GBX 834.50. The company’s fifty day moving average price is GBX 758.12 and its two-hundred day moving average price is GBX 711.49.

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

Balfour Beatty declared that its board has approved a stock buyback program on Wednesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price 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.