Peel Hunt reiterated their buy rating on shares of Balfour Beatty (LON:BBY) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the company. Liberum Capital restated a buy rating on shares of Balfour Beatty in a report on Thursday. UBS Group restated a buy rating on shares of Balfour Beatty in a report on Friday, May 10th. Berenberg Bank dropped their price objective on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a buy rating for the company in a report on Monday, January 28th. Finally, Numis Securities restated a buy rating and set a GBX 350 ($4.57) price objective on shares of Balfour Beatty in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Balfour Beatty currently has an average rating of Buy and a consensus price target of GBX 345 ($4.51).
Shares of BBY opened at GBX 238.60 ($3.12) on Thursday. The company has a debt-to-equity ratio of 61.89, a current ratio of 0.96 and a quick ratio of 0.90. The firm has a market capitalization of $1.63 billion and a price-to-earnings ratio of 12.24. Balfour Beatty has a fifty-two week low of GBX 230.60 ($3.01) and a fifty-two week high of GBX 318.60 ($4.16).
In related news, insider Leo Quinn sold 211,216 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of GBX 267 ($3.49), for a total transaction of £563,946.72 ($736,896.28). Also, insider Philip Harrison sold 12,619 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 262 ($3.42), for a total transaction of £33,061.78 ($43,201.07).
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 Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
Recommended Story: Quick Ratio
Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.