Balfour Beatty (LON:BBY) Announces Stock Buyback Program

Balfour Beatty (LON:BBY) announced that its board has approved a stock buyback plan on Wednesday, March 12th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Balfour Beatty Trading Up 4.5 %

Shares of LON BBY traded up GBX 19.60 ($0.25) during mid-day trading on Wednesday, hitting GBX 453.20 ($5.88). The company’s stock had a trading volume of 1,319,049 shares, compared to its average volume of 2,705,636. The company’s fifty day simple moving average is GBX 452.36 and its 200-day simple moving average is GBX 442.49. Balfour Beatty has a one year low of GBX 338.80 ($4.39) and a one year high of GBX 476.40 ($6.18). The stock has a market cap of £2.31 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Balfour Beatty will post 43.3100698 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Balfour Beatty Company Profile

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.