Balfour Beatty (LON:BBY) Earns “Buy” Rating from Berenberg Bank

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Monday, MarketBeat Ratings reports. They currently have a GBX 510 ($6.63) price target on the stock. Berenberg Bank’s target price points to a potential upside of 13.11% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 500 ($6.50) to GBX 575 ($7.48) and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Price Performance

Balfour Beatty stock opened at GBX 450.90 ($5.86) on Monday. Balfour Beatty has a 52 week low of GBX 341.20 ($4.44) and a 52 week high of GBX 476.40 ($6.19). The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The firm’s 50-day simple moving average is GBX 451.96 and its 200 day simple moving average is GBX 443.54. The firm has a market capitalization of £2.30 billion, a PE ratio of 10.53, a P/E/G ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY) last released its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) EPS for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. On average, equities research analysts predict that Balfour Beatty will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its board has approved a share buyback plan on Wednesday, March 12th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.