Jefferies Financial Group Reaffirms Buy Rating for Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 985 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 4.95% from the stock’s current price.

Separately, Berenberg Bank upped their price objective on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 923.33.

Balfour Beatty Price Performance

Shares of BBY stock opened at GBX 938.50 on Thursday. Balfour Beatty has a 12 month low of GBX 549 and a 12 month high of GBX 973. The company has a market capitalization of £4.49 billion, a P/E ratio of 18.05, a P/E/G ratio of 3.75 and a beta of 0.59. The stock has a 50 day moving average of GBX 860.50 and a two-hundred day moving average of GBX 806.92. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last issued its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, equities analysts expect that Balfour Beatty will post 43.3100698 EPS for the current year.

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.