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

Balfour Beatty plc (LON:BBY) shares hit a new 52-week high on Thursday . The stock 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

BBY has been the topic of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 985 price objective on shares of Balfour Beatty in a research report on Monday, June 8th. Berenberg Bank increased their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Balfour Beatty presently has an average rating of “Buy” and a consensus target price of GBX 856.67.

Balfour Beatty Stock Up 1.0%

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The stock has a market capitalization of £4.21 billion, a PE ratio of 16.99, a PEG ratio of 3.75 and a beta of 0.60. The company has a 50 day moving average price of GBX 823.30 and a 200-day moving average price of GBX 769.32.

Balfour Beatty (LON:BBY) last announced its quarterly earnings results on Thursday, June 18th. The company reported GBX 14.40 EPS for the quarter. The company had revenue of GBX 452.20 billion during the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. As a group, analysts forecast 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 approved a stock buyback program on Wednesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Balfour Beatty

In other news, insider Philip Hoare sold 121,214 shares of Balfour Beatty 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 stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. 1.22% of the stock is currently owned by corporate 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.