Balfour Beatty (LON:BBY) Sets New 12-Month High – Still a Buy?

Balfour Beatty plc (LON:BBY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 472.80 ($5.86) and last traded at GBX 472.60 ($5.86), with a volume of 109182 shares traded. The stock had previously closed at GBX 466 ($5.77).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 500 ($6.20) to GBX 575 ($7.13) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Performance

The stock has a market cap of £2.41 billion, a price-to-earnings ratio of 1,125.24, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.17. The firm has a fifty day simple moving average of GBX 449.53 and a 200-day simple moving average of GBX 434.67.

Balfour Beatty Company Profile

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.