Balfour Beatty (LON:BBY) Hits New 12-Month High – What’s Next?

Balfour Beatty plc (LON:BBY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 800 and last traded at GBX 757, with a volume of 25744578 shares traded. The stock had previously closed at GBX 702.

Analyst Ratings Changes

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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 712.50.

Balfour Beatty Price Performance

The company has a fifty day simple moving average of GBX 733.69 and a two-hundred day simple moving average of GBX 686.83. The company has a debt-to-equity ratio of 104.84, a quick ratio of 0.84 and a current ratio of 0.97. The company has a market capitalization of £3.64 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 3.75 and a beta of 0.64.

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.

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.