Balfour Beatty (LON:BBY) Price Target Raised to GBX 575 at Deutsche Bank Aktiengesellschaft

Balfour Beatty (LON:BBY) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.27) to GBX 575 ($7.21) in a research report sent to investors on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 475 ($5.95) target price on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Stock Up 1.5 %

LON BBY opened at GBX 440.60 ($5.52) on Friday. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17. Balfour Beatty has a 52 week low of GBX 315.80 ($3.96) and a 52 week high of GBX 458 ($5.74). The firm has a market capitalization of £2.24 billion, a price-to-earnings ratio of 1,049.05, a PEG ratio of 3.75 and a beta of 0.81. The company has a fifty day moving average of GBX 437.03 and a two-hundred day moving average of GBX 406.44.

Insider Transactions at Balfour Beatty

In related news, insider Leo Quinn sold 317,071 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.62), for a total transaction of £1,420,478.08 ($1,780,717.16). Also, insider Robert MacLeod purchased 17,674 shares of the stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of GBX 422 ($5.29) per share, for a total transaction of £74,584.28 ($93,499.16). 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.