Balfour Beatty (LON:BBY) Reaches New 12-Month High – Here’s Why

Shares of Balfour Beatty plc (LON:BBY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 739.50 and last traded at GBX 738.97, with a volume of 65097 shares. The stock had previously closed at GBX 731.

Wall Street Analyst Weigh In

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

Balfour Beatty Stock Up 1.4%

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 has a market capitalization of £3.59 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a 50-day moving average price of GBX 715.96 and a 200-day moving average price of GBX 652.76.

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.