Berenberg Bank reissued their buy rating on shares of Balfour Beatty (LON:BBY – Free Report) in a report released on Monday morning, Marketbeat reports. The firm currently has a GBX 510 ($6.62) price target on the stock.
Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Balfour Beatty from GBX 500 ($6.49) to GBX 575 ($7.47) and gave the company a “buy” rating in a research report on Friday, November 22nd.
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Balfour Beatty Trading Up 1.5 %
Balfour Beatty (LON:BBY – Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.57) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. Equities analysts anticipate that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.
Balfour Beatty announced that its Board of Directors has approved a stock buyback program on Wednesday, March 12th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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.
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