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

Balfour Beatty plc (LON:BBY)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 462.60 ($5.89) and last traded at GBX 454.20 ($5.79), with a volume of 2704056 shares changing hands. The stock had previously closed at GBX 451.40 ($5.75).

Wall Street Analyst Weigh In

BBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Balfour Beatty from GBX 500 ($6.37) to GBX 575 ($7.32) and gave the company a “buy” rating in a report on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 475 ($6.05) price target on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Trading Down 0.7 %

The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.17. The business’s fifty day simple moving average is GBX 439.32 and its two-hundred day simple moving average is GBX 408.77. The stock has a market capitalization of £2.29 billion, a P/E ratio of 1,072.38, a P/E/G ratio of 3.75 and a beta of 0.81.

Insider Buying and Selling at Balfour Beatty

In other news, insider Leo Quinn sold 317,071 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.71), for a total value of £1,420,478.08 ($1,809,295.73). Also, insider Philip Harrison sold 240,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.50), for a total transaction of £1,036,800 ($1,320,596.10). Insiders own 1.15% of the company’s stock.

About Balfour Beatty

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.