Balfour Beatty (LON:BBY – Get Free Report) declared that its board has authorized a stock repurchase program on Wednesday, March 12th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Balfour Beatty from GBX 500 ($6.47) to GBX 575 ($7.44) and gave the stock a “buy” rating in a research report on Friday, November 22nd.
Read Our Latest Stock Report on Balfour Beatty
Balfour Beatty Price Performance
Balfour Beatty (LON:BBY – Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, equities analysts predict that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal 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.
Recommended Stories
- Five stocks we like better than Balfour Beatty
- What Are the FAANG Stocks and Are They Good Investments?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- The Significance of Brokerage Rankings in Stock Selection
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.