Balfour Beatty (LON:BBY – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 510 ($6.59) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 12.93% from the company’s previous close.
Separately, Deutsche Bank Aktiengesellschaft increased their price target on Balfour Beatty from GBX 500 ($6.46) to GBX 575 ($7.43) and gave the company a “buy” rating in a research note on Friday, November 22nd.
Get Our Latest Research Report on Balfour Beatty
Balfour Beatty Stock Performance
Balfour Beatty (LON:BBY – Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Equities analysts anticipate that Balfour Beatty will post 43.3100698 EPS for the current fiscal year.
Balfour Beatty declared that its Board of Directors has approved a stock repurchase program on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
About Balfour Beatty
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.
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