Stock Repurchase Program Declared by Balfour Beatty (LON:BBY)

Balfour Beatty (LON:BBY) announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Balfour Beatty from GBX 500 ($6.48) to GBX 575 ($7.46) and gave the company a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty Stock Up 4.5 %

Shares of LON BBY opened at GBX 453.20 ($5.88) on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The stock has a market capitalization of £2.31 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The stock’s fifty day simple moving average is GBX 452.36 and its two-hundred day simple moving average is GBX 442.49. Balfour Beatty has a 12-month low of GBX 338.80 ($4.39) and a 12-month high of GBX 476.40 ($6.18).

Balfour Beatty (LON:BBY) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, analysts expect that Balfour Beatty will post 43.3100698 EPS for the current fiscal year.

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.