Stock Buyback Plan Declared by Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY) declared that its board has initiated a stock buyback plan on Wednesday, March 11th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Balfour Beatty Stock Performance

Balfour Beatty stock opened at GBX 755.50 on Friday. Balfour Beatty has a fifty-two week low of GBX 365.80 and a fifty-two week high of GBX 800. The stock’s 50 day simple moving average is GBX 736.62 and its two-hundred day simple moving average is GBX 689.02. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The stock has a market cap of £3.66 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 3.75 and a beta of 0.64.

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 return on equity of 23.73% and a net margin of 2.77%. As a group, analysts expect that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BBY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped 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. Berenberg Bank boosted their price objective on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 792.50.

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.