Balfour Beatty ( (GB:BBY) ) has issued an announcement.
Balfour Beatty’s trading update for early 2025 indicates that the company is performing in line with expectations, with anticipated profit growth from its earnings-based businesses. The company has secured significant contracts in both the UK and the US, including a £450 million rail project in the UK and major construction contracts in the US, such as the Grand Hyatt Miami Beach and a highway reconstruction in Dallas. The company’s strong cash performance has led to an expected average net cash balance of £900-£1,000 million for 2025, and its £125 million share buyback is progressing as planned.
Spark’s Take on GB:BBY Stock
According to Spark, TipRanks’ AI Analyst, GB:BBY is a Outperform.
Balfour Beatty’s overall stock score is supported by strong financial performance, strategic initiatives like share buybacks, and a positive earnings outlook. The company’s robust earnings growth and attractive valuation metrics contribute to its favorable evaluation. However, technical indicators suggest cautious optimism due to potential near-term volatility, requiring investors to monitor the stock closely.
To see Spark’s full report on GB:BBY stock, click here.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 27,000 employees. The company finances, develops, builds, maintains, and operates complex and critical infrastructure projects that support national economies and local communities. With a history spanning 116 years, Balfour Beatty has been involved in iconic projects worldwide, including Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
Average Trading Volume: 1,231,195
Technical Sentiment Signal: Buy
Current Market Cap: £2.37B
Learn more about BBY stock on TipRanks’ Stock Analysis page.