Balfour Beatty (LON:BBY) Hits New 52-Week High – Time to Buy?

Balfour Beatty plc (LON:BBY) hit a new 52-week high on Friday . The company traded as high as GBX 837 and last traded at GBX 834.84, with a volume of 2183314 shares trading hands. The stock had previously closed at GBX 818.

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 company a “buy” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 792.50.

Balfour Beatty Stock Up 1.7%

The stock’s 50-day moving average is GBX 766.32 and its 200-day moving average is GBX 718.43. The stock has a market cap of £4.02 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last announced its earnings results 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%. As a group, research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

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

Insider Transactions at Balfour Beatty

In related news, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. Corporate insiders own 1.09% of the company’s stock.

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.