Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Balfour Beatty (LON:BBY) Stock

Balfour Beatty (LON:BBY) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 500 ($6.27) to GBX 575 ($7.21) in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 30.50% from the stock’s current price.

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

Balfour Beatty Trading Up 1.5 %

Shares of LON:BBY opened at GBX 440.60 ($5.52) on Friday. The company has a market cap of £2.24 billion, a PE ratio of 1,049.05, a P/E/G ratio of 3.75 and a beta of 0.81. The company’s 50-day moving average price is GBX 437.03 and its 200 day moving average price is GBX 406.44. Balfour Beatty has a fifty-two week low of GBX 315.80 ($3.96) and a fifty-two week high of GBX 458 ($5.74). The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17.

Insiders Place Their Bets

In related news, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.62), for a total value of £1,420,478.08 ($1,780,717.16). Also, insider Robert MacLeod bought 17,674 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 422 ($5.29) per share, for a total transaction of £74,584.28 ($93,499.16). 1.15% of the stock is owned by insiders.

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.