Balfour Beatty (LON:BBY) Given New GBX 575 Price Target at Deutsche Bank Aktiengesellschaft

Balfour Beatty (LON:BBY) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.28) to GBX 575 ($7.22) in a report released on Friday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 475 ($5.97) target price on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Stock Performance

Balfour Beatty stock opened at GBX 448.20 ($5.63) on Friday. The firm’s fifty day moving average price is GBX 437.63 and its 200-day moving average price is GBX 407.14. The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market cap of £2.28 billion, a P/E ratio of 1,067.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. Balfour Beatty has a fifty-two week low of GBX 315.80 ($3.97) and a fifty-two week high of GBX 458 ($5.75).

Insider Transactions at Balfour Beatty

In other news, insider Robert MacLeod bought 17,674 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average cost of GBX 422 ($5.30) per share, with a total value of £74,584.28 ($93,675.31). Also, insider Leo Quinn sold 317,071 shares of Balfour Beatty stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.63), for a total transaction of £1,420,478.08 ($1,784,071.94). Corporate insiders own 1.15% of the company’s stock.

Balfour Beatty Company Profile

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.