Key Points
- Insider sale: Philip Harrison sold 109,744 shares at GBX 799 on April 8, totaling £876,854.56.
- Analyst upgrade: Berenberg raised its price target to GBX 870 and gave a "buy" rating; the consensus rating is "Buy" with a consensus target of GBX 792.50.
- Market position: Balfour Beatty has a market cap of £3.98 billion and is trading near its one‑year high (GBX 834.50), while the board approved a stock repurchase plan to buy shares via open‑market purchases.
Balfour Beatty plc (LON:BBY - Get Free Report) insider Philip Harrison sold 109,744 shares of the firm's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £876,854.56.
Balfour Beatty Trading Down 0.1%
Shares of Balfour Beatty stock opened at GBX 823.50 on Friday. Balfour Beatty plc has a 1 year low of GBX 405.20 and a 1 year high of GBX 834.50. The firm has a market cap of £3.98 billion, a PE ratio of 15.84, a P/E/G ratio of 3.75 and a beta of 0.59. The stock has a fifty day moving average price of GBX 758.12 and a 200-day moving average price of GBX 711.49. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.
Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. Equities research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current year.
Balfour Beatty declared that its board has approved a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank boosted their price target on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a "buy" rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty currently has a consensus rating of "Buy" and a consensus target price of GBX 792.50.
Read Our Latest Research Report on BBY
About Balfour Beatty
(
Get Free Report)
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.
Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.
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