Balfour Beatty (LON:BBY) Reaches New 1-Year High – Should You Buy?

Balfour Beatty plc (LON:BBY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 758 and last traded at GBX 750, with a volume of 1671232 shares trading hands. The stock had previously closed at GBX 756.

Analyst Upgrades and Downgrades

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

Balfour Beatty Trading Down 1.6%

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 £3.61 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The firm’s 50-day simple moving average is GBX 718.48 and its 200-day simple moving average is GBX 658.11.

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.