Balfour Beatty (LON:BBY) Sets New 1-Year High – Still a Buy?

Balfour Beatty plc (LON:BBY) shares hit a new 52-week high on Friday . The company traded as high as GBX 736 and last traded at GBX 735.50, with a volume of 202119094 shares trading hands. The stock had previously closed at GBX 719.50.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty presently has a consensus rating of “Buy” and a consensus price target of GBX 712.50.

Balfour Beatty Stock Performance

The company has a market cap of £3.58 billion, a P/E ratio of 20.82, a PEG ratio of 3.75 and a beta of 0.81. The business’s 50 day simple moving average is GBX 699.37 and its 200 day simple moving average is GBX 632.20. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

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.