Balfour Beatty (LON:BBY) Reaches New 12-Month High – Time to Buy?

Shares of Balfour Beatty plc (LON:BBY) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 885.50 and last traded at GBX 885.50, with a volume of 726095 shares changing hands. The stock had previously closed at GBX 874.50.

Analyst Ratings Changes

A number of analysts have recently weighed in on BBY shares. Berenberg Bank upped their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a research note on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 856.67.

Balfour Beatty Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The company has a market cap of £4.21 billion, a PE ratio of 16.99, a P/E/G ratio of 3.75 and a beta of 0.60. The firm has a 50 day moving average of GBX 823.30 and a two-hundred day moving average of GBX 769.32.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%.The business had revenue of GBX 452.20 billion during the quarter. Research analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Philip Hoare sold 121,214 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £876,854.56. 1.22% of the stock is owned by insiders.

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.