Balfour Beatty (LON:BBY) Price Target Raised to GBX 575 at Deutsche Bank Aktiengesellschaft

Balfour Beatty (LON:BBY) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.30) to GBX 575 ($7.24) in a report issued on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 475 ($5.98) price target on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Stock Performance

Shares of BBY stock opened at GBX 440.60 ($5.55) on Friday. The firm has a 50 day moving average of GBX 437.03 and a 200-day moving average of GBX 406.66. The company has a market cap of £2.24 billion, a price-to-earnings ratio of 1,049.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17. Balfour Beatty has a 52 week low of GBX 315.80 ($3.98) and a 52 week high of GBX 458 ($5.77).

Insiders Place Their Bets

In related news, insider Philip Harrison sold 240,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.44), for a total value of £1,036,800 ($1,305,629.01). Also, insider Robert MacLeod purchased 17,674 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of GBX 422 ($5.31) per share, with a total value of £74,584.28 ($93,923.03). Corporate insiders own 1.15% of the company’s stock.

Balfour Beatty Company Profile

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.