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

Shares of Balfour Beatty plc (LON:BBY) reached a new 52-week high during 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. The stock had previously closed at GBX 466 ($5.77).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price target 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 firm’s fifty day moving average price is GBX 449.53 and its 200-day moving average price is GBX 434.67. 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 company has a market cap of £2.41 billion, a P/E ratio of 1,125.24, a P/E/G ratio of 3.75 and a beta of 0.81.

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.