Balfour Beatty (LON:BBY) Given New GBX 575 Price Target at Deutsche Bank Aktiengesellschaft

Balfour Beatty (LON:BBY) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.28) to GBX 575 ($7.22) in a research report sent to investors on Friday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 475 ($5.97) target price on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Stock Performance

BBY opened at GBX 448.20 ($5.63) on Friday. The firm has a market cap of £2.28 billion, a P/E ratio of 1,067.14, a PEG ratio of 3.75 and a beta of 0.81. Balfour Beatty has a 1-year low of GBX 315.80 ($3.97) and a 1-year high of GBX 458 ($5.75). The company has a 50 day simple moving average of GBX 437.63 and a two-hundred day simple moving average of GBX 407.14. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Insider Buying and Selling at Balfour Beatty

In other news, insider Philip Harrison sold 240,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.43), for a total value of £1,036,800 ($1,302,185.38). Also, insider Leo Quinn sold 317,071 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.63), for a total transaction of £1,420,478.08 ($1,784,071.94). Company 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.