Balfour Beatty (LON:BBY) Hits New 52-Week High – Time to Buy?

Balfour Beatty plc (LON:BBY) shares reached a new 52-week high on Thursday . The company traded as high as GBX 470.40 ($5.98) and last traded at GBX 455.88 ($5.79), with a volume of 1420960 shares changing hands. The stock had previously closed at GBX 452.40 ($5.75).

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.04) price objective on shares of Balfour Beatty in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Balfour Beatty from GBX 500 ($6.35) to GBX 575 ($7.31) and gave the company a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty Stock Up 3.6 %

The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The business’s fifty day simple moving average is GBX 440.38 and its two-hundred day simple moving average is GBX 410.38. The company has a market cap of £2.39 billion, a PE ratio of 1,077.14, a PEG ratio of 3.75 and a beta of 0.81.

Insider Transactions at Balfour Beatty

In other news, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.69), for a total transaction of £1,420,478.08 ($1,804,927.67). Also, insider Philip Harrison sold 240,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.49), for a total transaction of £1,036,800 ($1,317,407.88). Corporate 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.