Berenberg Bank Reaffirms “Buy” Rating for Balfour Beatty (LON:BBY)

Berenberg Bank reiterated their buy rating on shares of Balfour Beatty (LON:BBY) in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 475 ($6.06) target price on the stock.

Balfour Beatty Stock Performance

Shares of LON BBY opened at GBX 411.60 ($5.26) on Thursday. The stock has a 50 day moving average price of GBX 389.88 and a 200 day moving average price of GBX 370.14. Balfour Beatty has a 52 week low of GBX 291.60 ($3.72) and a 52 week high of GBX 437.60 ($5.59). The company has a debt-to-equity ratio of 81.21, a quick ratio of 0.84 and a current ratio of 1.01. The stock has a market capitalization of £2.11 billion, a PE ratio of 1,176.00, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be given a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 0.93%. Balfour Beatty’s dividend payout ratio (DPR) is presently 3,428.57%.

Insider Activity at Balfour Beatty

In related news, insider Leo Quinn purchased 37,148 shares of Balfour Beatty stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of GBX 349 ($4.46) per share, with a total value of £129,646.52 ($165,534.37). Insiders own 1.25% of the company’s stock.

Balfour Beatty Company Profile

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.