Balfour Beatty (LON:BBY) Sets New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Balfour Beatty Trading Down 1.6%

The stock has a market capitalization of £3.61 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The business has a 50 day simple moving average of GBX 718.48 and a 200-day simple moving average of 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.