Balfour Beatty (LON:BBY) Sets New 52-Week High – Still a Buy?

Shares of Balfour Beatty plc (LON:BBY) hit a new 52-week high on Thursday . The company traded as high as GBX 462.60 ($5.86) and last traded at GBX 454.20 ($5.76), with a volume of 2704056 shares changing hands. The stock had previously closed at GBX 451.40 ($5.72).

Analyst Ratings Changes

Several research analysts have commented on BBY shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 475 ($6.02) price target on shares of Balfour Beatty in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Balfour Beatty from GBX 500 ($6.34) to GBX 575 ($7.29) and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Trading Down 0.0 %

The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The company has a 50-day simple moving average of GBX 438.66 and a 200 day simple moving average of GBX 408.02. The company has a market capitalization of £2.30 billion, a P/E ratio of 1,074.76, a P/E/G ratio of 3.75 and a beta of 0.81.

Insiders Place Their Bets

In other news, insider Philip Harrison sold 240,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.48), for a total transaction of £1,036,800 ($1,314,401.62). Also, insider Robert MacLeod acquired 17,674 shares of the stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of GBX 422 ($5.35) per share, for a total transaction of £74,584.28 ($94,554.11). Company 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.