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Balfour Beatty PLC (GB:BBY)
LSE:BBY

Balfour Beatty (BBY) AI Stock Analysis

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GB:BBY

Balfour Beatty

(LSE:BBY)

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Outperform 71 (OpenAI - 5.2)
Rating:71Outperform
Price Target:
845.00 p
▲(13.42% Upside)
Action:ReiteratedDate:03/12/26
The score is driven primarily by very strong recent cash generation and steady revenue growth, supported by positive earnings-call indicators (record order book/pipeline and increased shareholder returns). Offsetting factors are structurally thin/compressing margins, higher leverage versus 2022, and mixed technical momentum (negative MACD) alongside execution risks highlighted in U.S. Civils and Infrastructure Investments.
Positive Factors
Record order book & pipeline
A GBP 19.5bn order book with a GBP 20bn pipeline provides durable revenue visibility and backlogs that smooth near-term demand cyclicality. This supports multi-quarter resource planning, predictable cash conversion from contracted work and a higher probability of sustaining revenue growth over 2–6 months.
Strong cash generation and FCF
Consistent, material FCF in 2025 that largely covers reported earnings improves financial resilience. Reliable cash conversion funds dividends, capex and working capital, lowers refinancing risk, and gives management flexibility to invest in margins or weather project timing volatility over the medium term.
Growing support services and power transmission
Expansion in support services and a doubling of power transmission exposure align the business with structural demand (Net Zero, grid upgrades). These activities are more recurring and less lumpy than lump-sum construction, diversifying revenue mix and offering potential for steadier margins and longer-term contracts.
Negative Factors
Thin operating margins
Very low gross and operating margins leave little buffer against input cost inflation, subcontractor disputes or project overruns. With project economics tight, any adverse execution or price pressure can quickly erode profitability and cash generation, increasing downside risk across the portfolio.
Rising leverage reduces flexibility
Higher debt-to-equity constrains balance-sheet flexibility and increases interest exposure. When leveraged while margins are thin, the firm has less capacity to absorb project losses or invest opportunistically, making it more exposed to cyclical shocks or prolonged execution issues over the medium term.
Execution losses in key segments
Material losses in U.S. Civils and Infrastructure Investments indicate execution and project-risk exposure. Such segment-level hits can recur, damage margins and cash, and complicate investor confidence; combined with thin group margins, they amplify the impact of future overruns or delayed recoveries.

Balfour Beatty (BBY) vs. iShares MSCI United Kingdom ETF (EWC)

Balfour Beatty Business Overview & Revenue Model

Company DescriptionBalfour 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 Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical, refurbishment, fit-out, and rail engineering services. The Support Services segment designs, upgrades, manages, and maintains water, gas, and electricity networks, as well as rail and highways. The Infrastructure Investments segment is involved in the acquisition, operation, and disposal of infrastructure assets, such as roads, hospitals, student accommodation, military housing, offshore transmission networks, waste and biomass, and other concessions. This segment also develops and finances public and private infrastructure projects. The company serves government departments and agencies, regulated utilities, and private sector organizations. Balfour Beatty plc was founded in 1909 and is based in London, the United Kingdom.
How the Company Makes MoneyBalfour Beatty primarily generates revenue by contracting to design, build, and manage infrastructure and building projects for customers. A major revenue stream comes from construction and civil engineering contracts where the company is paid based on agreed project pricing structures (e.g., lump-sum or target-cost arrangements) and progress on delivering the work; profitability depends on managing labor, materials, subcontractors, schedule, and risk on each project. The company also earns revenue from support and services activities (where applicable), providing ongoing operations, maintenance, and facilities/asset management tied to completed or in-service infrastructure. In addition, Balfour Beatty has an infrastructure investments business that can generate earnings from equity investments in infrastructure projects (such as PPP/PFI-style concessions), typically through a combination of periodic cash distributions/dividends from project companies and value realization when interests are sold, alongside any associated management or advisory income where applicable. Key factors influencing earnings include the size and quality of the order book, delivery performance on large projects, contract mix and risk allocation, and the cadence of investment realizations; specific partnerships or named counterparties are not available in the provided context, so null.

Balfour Beatty Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The earnings call presented a strong performance in UK Construction and Support Services, with a record order book and increased shareholder returns. However, challenges in the U.S. Civils segment and losses in Infrastructure Investments tempered the overall positive outlook.
Q2-2025 Updates
Positive Updates
Record Order Book
Balfour Beatty achieved a record order book of GBP 19.5 billion, with a strong pipeline totaling GBP 20 billion, indicating significant future growth potential.
Strong Financial Performance in UK Construction
UK Construction profits grew by 35%, achieving a 3% PFO margin target a year earlier than forecast, driven by better operational performance and lower risk contracts.
Growth in Support Services
Support Services revenue increased by 19%, with profits rising 35% to GBP 46 million, driven by higher volumes in the Power business.
Increased Shareholder Returns
The interim dividend was increased by 11% to 4.2p per share, supported by strong cash flow and profitability.
Power Transmission Business Expansion
The power transmission business is expected to double between 2024 and 2026, driven by demand for Net Zero and AI-related projects.
Negative Updates
U.S. Civils Losses
U.S. Civils experienced losses due to cost overruns and schedule delays in a joint venture highway project in Texas, impacting overall profitability.
Infrastructure Investments Loss
The Infrastructure Investments segment made a loss in the period, primarily due to costs in U.S. military housing and remedial works on UK PFI assets.
Reduced Profit from Operations
Group profit from operations was flat at GBP 77 million, with a 10% decrease in profit for the period to GBP 73 million.
Company Guidance
During the call, Balfour Beatty's Group Chief Executive, Leo Quinn, provided guidance indicating a strong start to the fiscal year, with a record order book of GBP 19.5 billion and a pipeline of GBP 20 billion. He highlighted achieving a 3% margin in U.K. construction and significant growth in support services. The company anticipates a 10% revenue growth to GBP 5.2 billion and a 6% increase in the order book. Despite a 10% decrease in profit to GBP 73 million, the interim dividend increased by 11% to 4.2p per share. Average net cash rose to GBP 1.1 billion, and the business remains on track to meet full-year expectations with a focus on maintaining strong margins and shareholder returns.

Balfour Beatty Financial Statement Overview

Summary
Strong cash generation is the standout (2025 operating cash flow £692M; free cash flow £643M, ~0.93x net income), supporting resilience. Revenue growth has been steady, but profitability is thin and has compressed since 2023 (2025 gross margin ~4.8%, operating margin ~1.6%). Leverage has increased (debt-to-equity ~0.90 in 2025 vs ~0.54 in 2022), which reduces flexibility if project execution weakens.
Income Statement
66
Positive
Revenue has grown steadily from 2022–2025 (2025 revenue up ~7% year over year), indicating solid demand and execution. However, profitability is modest and has compressed versus earlier years: the 2025 gross margin (~4.8%) and operating margin (~1.6%) are thin for the sector, and operating profitability declined from 2023–2025 even as revenue rose. Net margin improved versus 2024 (~2.8% vs ~2.2%), but overall earnings quality remains sensitive to project mix and cost pressures.
Balance Sheet
61
Positive
Leverage has moved higher over time, with debt-to-equity rising to ~0.90 in 2025 from ~0.54 in 2022, reducing balance-sheet flexibility. Equity is relatively stable (around £1.1–£1.4B), supporting a healthy return on equity in 2025 (~23%), but that strong return is paired with increased debt and thin operating margins, which raises downside risk if project performance weakens.
Cash Flow
82
Very Positive
Cash generation is a key strength: 2025 operating cash flow (£692M) and free cash flow (£643M) surged versus 2024, and free cash flow has generally covered reported earnings well (free cash flow close to net income across years, including ~0.93x in 2025). The main watch-out is volatility—free cash flow fell sharply in 2022 before rebounding—so working-capital swings and project timing can materially impact year-to-year cash results.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.49B8.23B7.99B7.63B7.20B
Gross Profit453.00M417.00M412.00M421.00M335.00M
EBITDA276.00M320.00M344.00M329.00M174.00M
Net Income263.00M178.00M197.00M288.00M140.00M
Balance Sheet
Total Assets6.09B5.63B5.26B5.12B4.85B
Cash, Cash Equivalents and Short-Term Investments1.86B1.29B1.41B1.18B1.03B
Total Debt1.02B1.11B981.00M738.00M615.00M
Total Liabilities4.94B4.50B4.06B3.74B3.47B
Stockholders Equity1.14B1.12B1.20B1.38B1.37B
Cash Flow
Free Cash Flow643.00M237.00M219.00M137.00M318.00M
Operating Cash Flow692.00M265.00M285.00M168.00M353.00M
Investing Cash Flow55.00M46.00M33.00M146.00M116.00M
Financing Cash Flow-298.00M-251.00M-158.00M-189.00M-266.00M

Balfour Beatty Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price745.00
Price Trends
50DMA
740.38
Positive
100DMA
716.83
Positive
200DMA
645.62
Positive
Market Momentum
MACD
3.92
Negative
RSI
49.28
Neutral
STOCH
64.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BBY, the sentiment is Neutral. The current price of 745 is below the 20-day moving average (MA) of 746.85, above the 50-day MA of 740.38, and above the 200-day MA of 645.62, indicating a neutral trend. The MACD of 3.92 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 64.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BBY.

Balfour Beatty Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£486.73M11.4913.06%1.88%-12.98%5.51%
73
Outperform
£1.98B12.5024.53%2.49%6.93%21.50%
72
Outperform
£501.42M7.1027.48%3.65%5.78%-6.80%
71
Outperform
£3.55B13.4916.34%1.80%9.97%-15.46%
71
Outperform
£866.35M9.8111.69%3.19%4.40%31.59%
70
Outperform
£1.64B20.8317.29%2.34%3.88%5.10%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BBY
Balfour Beatty
745.00
303.16
68.61%
GB:COST
Costain
182.60
78.91
76.09%
GB:GFRD
Galliford Try
510.00
179.09
54.12%
GB:HILS
Hill & Smith Holdings
2,075.00
213.13
11.45%
GB:KIE
Kier Group plc
203.50
85.29
72.15%
GB:MGNS
Morgan Sindall
4,210.00
1,283.14
43.84%

Balfour Beatty Corporate Events

Business Operations and StrategyStock Buyback
Balfour Beatty Launches £200m Share Buyback for 2026
Positive
Mar 11, 2026

Balfour Beatty, the international infrastructure group, has announced a 2026 share buyback programme of up to £200 million in ordinary shares, including the £50 million tranche launched in January, to be completed by 31 December 2026. The shares, acquired through open-market purchases subject to market conditions, will be held in treasury with the stated aim of reducing the company’s share capital.

The programme authorises the purchase of up to 62,728,004 shares, inclusive of stock already repurchased this year, and the company states it currently holds no unpublished price-sensitive information. By returning capital to shareholders and shrinking its equity base, Balfour Beatty is signalling confidence in its financial position and potentially enhancing earnings per share, which may strengthen its appeal to investors and support its market valuation.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £770.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Continues Share Buyback, Tightens Share Capital Base
Positive
Mar 11, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 10 March 2026 at a volume-weighted average price of 706.76 pence per share. The repurchased shares will be held in treasury, reducing the number of ordinary shares in issue excluding treasury shares to 489,644,545.

In total, the company has now bought back 3,204,039 shares under the programme, all held in treasury with no voting rights, setting the current total voting rights at 489,644,545. This ongoing capital management initiative may enhance earnings per share and signals continued confidence in the business, while providing a clear denominator for investors’ disclosure obligations under UK market transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £770.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Balfour Beatty Lifts Earnings and Order Book, Launches £200m Buyback
Positive
Mar 11, 2026

Balfour Beatty reported strong 2025 results, with revenue up 8% to £10.8 billion and underlying profit from its earnings-based businesses rising 16% to £293 million, marking a fifth consecutive year of profitable growth. Underlying earnings per share increased 9%, supported by robust operational performance across its diversified portfolio and particularly strong contributions from UK Construction and Support Services.

The group’s order book hit a record £22.7 billion, driven by long-term UK power generation projects and a healthy pipeline in power transmission, defence and US buildings, underpinning guidance for further profitable growth in 2026 and 2027. Strong cash generation lifted average net cash to £1.2 billion, enabling a £200 million share buyback and a 12% dividend increase, signalling management confidence and reinforcing the company’s position as a key beneficiary of accelerating infrastructure demand despite isolated US cost overruns and lower infrastructure investment profits.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £770.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Treasury Stock with Ongoing Share Buyback
Neutral
Mar 10, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 9 March 2026 at a volume-weighted average price of about 690 pence, with the shares to be held in treasury. Following this latest transaction, the company has bought back over 3.1 million shares under the programme, leaving 489,714,545 ordinary shares in issue and the same number of voting rights, a figure shareholders can use to assess disclosure thresholds under FCA rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Tightens Free Float with Ongoing Share Buyback
Positive
Mar 9, 2026

Balfour Beatty has continued its share buyback programme, repurchasing 65,000 ordinary shares on 6 March 2026 at a volume-weighted average price of about 708 pence, with trades executed across the London Stock Exchange, Chi-X and BATS. The shares will be held in treasury, bringing the total repurchased under the current programme to just over 3.06 million shares and leaving 489,784,545 ordinary shares with voting rights in issue, a key reference point for investors monitoring their disclosure thresholds.

By concentrating its buyback activity through Deutsche Numis and holding all repurchased stock in treasury without voting rights, Balfour Beatty is tightening its free float while potentially enhancing earnings per share. The updated voting-rights figure also provides regulatory clarity for shareholders under the FCA’s Disclosure and Transparency Rules and may signal management’s confidence in the group’s long-term prospects and balance sheet strength.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Updates Voting Rights
Positive
Mar 6, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 5 March 2026 at a volume-weighted average price of about 734.5 pence, with prices ranging between 727.5 pence and 740 pence. These repurchased shares will be held in treasury, and following this transaction the company has 489,849,545 ordinary shares in issue, all representing voting rights, while the total shares held in treasury from the ongoing buyback have reached 2,999,039.

The move further consolidates Balfour Beatty’s capital base and may enhance earnings per share by reducing the free float, underlining management’s continued use of buybacks as a tool for capital allocation. The updated voting rights figure provides clarity for investors in meeting UK disclosure rules, while the breakdown of trades across the London Stock Exchange and alternative venues highlights the company’s active presence in public markets.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Advances Share Buyback, Tightens Equity Base
Positive
Mar 5, 2026

Balfour Beatty has continued its ongoing share buyback programme, repurchasing 65,000 ordinary shares on 4 March 2026 at a volume-weighted average price of about 729 pence per share through Deutsche Numis, with the shares to be held in treasury. Following this latest transaction, the company has bought back nearly 2.93 million shares under the current programme, leaving 489,914,545 ordinary shares in issue and the same number of voting rights, a change that may affect shareholder calculations of disclosure thresholds and can signal management’s confidence and capital-return discipline.

The repurchased shares are the only ones held in treasury by Balfour Beatty and carry no voting rights, simplifying the company’s capital structure for investors monitoring their positions. Trading in the buyback was executed across the London Stock Exchange, Chi-X and BATS venues at tightly ranged prices, underlining orderly execution in the market and reinforcing the group’s approach to managing its equity base while returning surplus capital to shareholders.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Clarifies Voting Share Count
Positive
Mar 4, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 3 March 2026 at a volume-weighted average price of about 727 pence per share through Deutsche Numis, with the shares to be held in treasury. Following this latest transaction, the company has cumulatively bought back roughly 2.87 million shares under the programme, leaving 489,979,545 ordinary shares in issue and an unchanged number of voting rights, providing a clear denominator for investors’ regulatory disclosures and signalling ongoing capital return to shareholders.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Tightens Voting Share Base
Positive
Mar 3, 2026

Balfour Beatty has continued execution of its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 2 March 2026 at a volume-weighted average price of about 752 pence, with prices ranging between 741.5 pence and 756 pence across multiple trading venues. The shares will be held in treasury, bringing total treasury shares under the programme to 2,804,039 and leaving 490,044,545 voting shares in issue, a figure shareholders can use to assess notification thresholds under UK disclosure rules.

By reducing the free float while maintaining treasury shares without voting rights, the buyback marginally concentrates ownership among remaining shareholders and may provide capital returns or support to the share price. The detailed trade data, executed via Deutsche Bank’s Deutsche Numis unit on the London Stock Exchange, Chi-X and BATS, underscores the group’s systematic capital management approach as it refines its equity base in line with market regulations and investor transparency requirements.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Clarifies Voting Share Count
Positive
Mar 2, 2026

Balfour Beatty has continued executing its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 27 February 2026 at a volume-weighted average price of about 766 pence per share across the London Stock Exchange, Chi-X and BATS venues. The repurchased shares will be held in treasury with no voting rights, leaving 490,109,545 shares in issue and voting rights outstanding, a figure shareholders can use to assess disclosure thresholds and ownership changes under regulatory transparency rules.

Since the launch of the buyback in January, the group has acquired a total of 2,739,039 shares at an average price of approximately 737 pence, consolidating its capital base while maintaining all treasury shares solely from this programme. The move refines Balfour Beatty’s share capital structure, potentially supporting earnings per share and capital return objectives, while providing clearer guidance to investors on the current voting share count for regulatory notifications.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Regulatory Filings and Compliance
Balfour Beatty Updates Market on Share Capital and Voting Rights
Neutral
Mar 2, 2026

Balfour Beatty has disclosed its latest share capital and voting rights position, reporting an issued share capital of 492,848,584 ordinary shares of 50 pence each as at 28 February 2026, of which 2,739,039 shares are held in treasury without dividend or voting rights. This leaves a total of 490,109,545 voting rights, a key reference figure for shareholders and other market participants to assess and report their holdings in line with UK disclosure and transparency rules.

By clarifying the exact number of voting rights, the company provides essential transparency for investors tracking their regulatory notification thresholds and supports orderly disclosure in the market. The update does not signal a change in strategy or operations, but it underpins Balfour Beatty’s compliance posture and gives stakeholders an accurate denominator for monitoring ownership movements in the stock.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands 2026 Share Buyback, Updates Voting Rights
Positive
Feb 27, 2026

Balfour Beatty has continued its 2026 share buyback programme, repurchasing 65,000 ordinary shares on 26 February at a volume-weighted average price of about 758 pence per share through Deutsche Numis. The repurchased shares will be held in treasury, leaving 490,174,545 ordinary shares in issue and establishing the official total voting rights figure for compliance with UK disclosure rules.

Under the ongoing buyback, the company has now acquired a total of 2,674,039 shares at an average price of roughly 736 pence, all of which are held in treasury without voting rights. The transaction, executed across the London Stock Exchange and alternative trading venues, refines Balfour Beatty’s capital structure while giving investors clarity on the denominator for regulatory notifications of their shareholdings.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Treasury Holdings Through Ongoing Share Buyback
Positive
Feb 26, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 25 February 2026 at a volume-weighted average price of about 761 pence per share. The shares will be held in treasury, contributing to a total of 2,609,039 shares now held in treasury with no voting rights, and leaving 490,239,545 ordinary shares in issue.

The transaction, executed through Deutsche Numis across the London Stock Exchange, Chi-X and BATS, maintains the company’s strategy of returning capital to shareholders while actively managing its capital structure. The updated voting rights figure provides a new reference point for investors assessing disclosure thresholds under the FCA’s transparency rules, reinforcing clarity for market participants.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Adds to Treasury Stock in Ongoing Share Buyback
Positive
Feb 25, 2026

Balfour Beatty has continued its 2026 share buyback programme by repurchasing 65,000 ordinary shares on 24 February at a volume-weighted average price of about 767.2 pence, with prices ranging between 763 and 770 pence across the London Stock Exchange and alternative trading venues. The repurchased shares are being held in treasury, bringing total treasury shares under the programme to 2,544,039 and leaving 490,304,545 shares in issue with voting rights, a change that affects ownership calculations for investors under FCA disclosure rules and may signal ongoing confidence in the company’s valuation and capital-return strategy.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Tightens Free Float with Latest Share Buyback Tranche
Positive
Feb 24, 2026

Balfour Beatty has repurchased 65,000 ordinary shares at prices between 768.5p and 779.0p under its ongoing share buyback programme, taking the total bought back to 2,479,039 shares at an average price of 734.0713p. The latest shares will be held in treasury, leaving 490,369,545 ordinary shares in issue and an identical number of voting rights for shareholders to use as the reference point for regulatory disclosure thresholds.

The company detailed that the purchases were executed via Deutsche Numis across the London Stock Exchange, Chi-X and BATS, with a volume-weighted average price of about 775p on the day. By concentrating repurchased shares in treasury with no voting rights, Balfour Beatty is tightening its free float, potentially enhancing earnings per share and capital return metrics while clarifying the denominator investors should apply when assessing their ownership stakes under FCA transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Balfour Beatty Names New CFO as Phil Harrison Steps Down After Transformative Decade
Positive
Feb 24, 2026

Balfour Beatty has announced a planned transition in its top finance role, with long-serving Chief Financial Officer Phil Harrison set to step down from the board later this year after more than a decade in the post. He will be succeeded by Myles Westcott, currently Group Financial Controller at BAE Systems, who brings over 30 years of finance leadership and experience managing large-scale, complex international operations.

The move is part of long-term succession planning and comes after a period in which Balfour Beatty has significantly strengthened its balance sheet, shifting from substantial net debt in 2014 to over £1.1 billion of average net cash by 2025 and returning £944 million to shareholders between 2021 and 2025. Harrison will remain in place through the 2025 full-year results and then support a four-month handover, while Westcott joins the executive team and board on a remuneration package aligned with the company’s policy, underscoring continuity in financial discipline and a focus on sustained profitable growth.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Treasury Stock With Ongoing Share Buyback
Neutral
Feb 23, 2026

Balfour Beatty has continued executing its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 20 February 2026 at a volume-weighted average price of about 778 pence, with prices ranging between 774.5 and 781 pence. The shares, bought via Deutsche Numis across the London Stock Exchange and alternative venues, will be held in treasury, reducing the number of shares in issue used for voting rights calculations.

In total, the company has now bought back 2,414,039 shares under the programme at an average price of about 733 pence, and these are the only shares it holds in treasury with no voting rights attached. Following the latest transaction, Balfour Beatty’s total voting rights stand at 490,434,545 shares, a key reference figure for investors assessing their holdings under UK disclosure and transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Sets New Voting Rights Figure
Positive
Feb 20, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 19 February 2026 at a volume-weighted average price of about 771.6 pence, with the shares to be held in treasury. Following this latest transaction, the company has bought back a total of 2,349,039 shares under the programme, leaving 490,499,545 ordinary shares in issue and establishing the current total voting rights for shareholders’ regulatory disclosure calculations.

The repurchased shares, which carry no voting rights while held in treasury, consolidate Balfour Beatty’s capital base and may enhance earnings per share and capital management flexibility over time. The detailed trade data, executed across the London Stock Exchange, Chi-X and BATS venues, underlines the group’s systematic approach to returning capital to investors while maintaining transparency in line with market abuse and disclosure regulations.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Clarifies Voting Rights Count
Positive
Feb 19, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 65,000 ordinary shares on 18 February 2026 at a volume-weighted average price of 777.1471 pence, with the shares to be held in treasury. Following this transaction, the company has bought back a total of 2,284,039 shares under the programme, leaving 490,564,545 ordinary shares in issue and an identical number of voting rights, providing clarity for investors monitoring their disclosure obligations and signalling ongoing capital returns to shareholders.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Extends Share Buyback, Tightens Share Capital Base
Positive
Feb 18, 2026

Balfour Beatty has continued its ongoing share buyback programme, repurchasing 65,000 ordinary shares on 17 February 2026 at a volume-weighted average price of about 770.49 pence, with the shares to be held in treasury. Following this latest transaction, the company has bought back a total of 2,219,039 shares under the programme, leaving 490,629,545 ordinary shares in issue and voting rights outstanding, a figure that will be used as the benchmark for shareholder disclosure obligations under FCA rules.

The repurchased shares are the only ones held in treasury by Balfour Beatty and carry no voting rights, effectively concentrating ownership among remaining shareholders. The transactions, executed across the London Stock Exchange, Chi-X and BATS venues via Deutsche Numis, underline the group’s ongoing capital management strategy and may signal confidence in its valuation while incrementally increasing earnings and net asset value per share for continuing investors.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Updates Voting Rights Total
Positive
Feb 17, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 16 February 2026 at a volume-weighted average price of about 774.5 pence, with the shares to be held in treasury. Following these transactions, the company now has 490,694,545 ordinary shares in issue with voting rights, and a total of 2,154,039 shares held in treasury, a change that affects the denominator used by investors for disclosure calculations under regulatory transparency rules.

The purchases were executed through Deutsche Numis across the London Stock Exchange, Chi-X and BATS venues, with only modest price variation between markets, reflecting active liquidity in the stock. By reducing the free float and consolidating its capital structure via treasury shares, Balfour Beatty is returning cash to shareholders and potentially enhancing earnings per share, while providing updated voting-rights information to support compliance with the UK Financial Conduct Authority’s disclosure regime.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Tightens Free Float
Positive
Feb 16, 2026

Balfour Beatty has continued executing its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 13 February 2026 at a volume-weighted average price of about 765.75 pence per share. The shares will be held in treasury, reducing the freely traded share count and potentially supporting earnings per share and capital return objectives.

Following this latest transaction, the company has bought back a total of 2,084,039 shares under the programme at an average price of roughly 726.41 pence, with all repurchased shares held in treasury with no voting rights. The resulting total number of voting rights stands at 490,764,545, a figure shareholders can use to assess disclosure thresholds and changes in ownership under UK regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Advances Share Buyback, Tightens Share Count and Voting Base
Positive
Feb 13, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 12 February 2026 at a volume-weighted average price of about 765.8 pence per share through Deutsche Numis. The company will hold these shares in treasury, reducing its freely traded share count and potentially enhancing earnings per share.

Following this latest transaction, Balfour Beatty’s total shares in issue, excluding treasury shares, stands at 490,834,545, which now also represents the total voting rights in the company. In aggregate, the group has repurchased 2,014,039 shares under the current buyback at an average price of roughly 725.0 pence, signalling ongoing capital management efforts that may support shareholder value and clarify the denominator for regulatory disclosure thresholds.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty advances share buyback, clarifies voting rights
Positive
Feb 12, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 11 February 2026 at a volume-weighted average price of about 754.5 pence, with the shares to be held in treasury. Following these transactions, the company now has 490,904,545 ordinary shares in issue excluding treasury shares, and a total of 1,944,039 shares held in treasury with no voting rights, clarifying the current voting rights base and capital structure for shareholders.

The latest purchases were executed through Deutsche Numis across the London Stock Exchange, Chi-X and BATS venues, at prices ranging between 743.5 pence and 763.5 pence per share. By advancing its buyback, Balfour Beatty is returning capital to shareholders and modestly reducing its free-float share count, which may enhance earnings per share and signals continued confidence in the company’s financial position and long-term strategy in the infrastructure sector.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Updates Voting Rights Base
Positive
Feb 11, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 75,000 ordinary shares on 10 February 2026 at a volume-weighted average price of 747.72 pence, with the shares to be held in treasury. Following this latest transaction, the company has now bought back a total of 1,874,039 shares under the programme, all held in treasury without voting rights, leaving 490,974,545 shares in issue and establishing the updated voting rights base for shareholders’ regulatory disclosures.

The purchases were conducted through Deutsche Bank’s Deutsche Numis arm across the London Stock Exchange, Chi-X and BATS, with only minor price variations between venues reflecting normal trading dynamics. By shrinking the free float and consolidating its share capital, Balfour Beatty is returning capital to investors and potentially enhancing earnings per share, while providing the market with clear transparency on its capital management and the current denominator for voting-rights calculations under FCA disclosure rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Expands Share Buyback, Tightens Share Count
Positive
Feb 10, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 9 February 2026 at a volume-weighted average price of 746.3733 pence, with prices ranging between 741.00 and 756.00 pence across the London Stock Exchange, Chi-X and BATS venues. The repurchased shares will be held in treasury, bringing total buybacks under the programme to 1,799,039 shares and leaving 491,049,545 shares in issue with full voting rights, a move that marginally enhances earnings per share and adjusts the company’s capital structure while providing investors with an updated denominator for regulatory disclosure purposes.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Sets New Voting Rights Total
Neutral
Feb 9, 2026

Balfour Beatty, the international infrastructure group, has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 6 February 2026 at prices between 731.00p and 745.00p, with a volume weighted average price of 741.6638p. The company will hold these shares in treasury, leaving 491,119,545 ordinary shares in issue excluding treasury stock.

Under the broader buyback initiative launched in January 2026, Balfour Beatty has now repurchased a total of 1,729,039 shares at a volume weighted average price of 720.3471p, all of which are held in treasury with no voting rights. This reduces the free float and establishes 491,119,545 as the current total number of voting rights, a key reference point for shareholders assessing disclosure obligations and changes in ownership stakes under regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Updates Total Voting Rights
Neutral
Feb 6, 2026

Balfour Beatty has continued its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 5 February 2026 at a volume-weighted average price of 725.18 pence per share through Deutsche Numis, with all repurchased shares to be held in treasury. Following this latest transaction, the company has bought back a total of 1,659,039 shares under the programme, all held in treasury with no voting rights, leaving 491,189,545 ordinary shares in issue and constituting the updated total voting rights figure that shareholders should use when assessing disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Confirms Updated Voting Share Capital
Positive
Feb 5, 2026

Balfour Beatty has continued its previously announced share buyback programme with the repurchase of 70,000 ordinary shares on 4 February 2026 at a volume-weighted average price of 733.5904 pence, executed through Deutsche Numis across the London Stock Exchange, Chi-X and BATS venues. All repurchased shares are being held in treasury with no voting rights, bringing total shares bought back under the programme to 1,589,039 and confirming that the company now has 491,259,545 voting shares in issue, a figure that shareholders must use to assess disclosure thresholds under FCA rules, reinforcing transparency around the group’s capital structure and indicating ongoing capital returns to investors.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Expands Share Buyback, Tightens Share Capital Base
Positive
Feb 4, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 3 February 2026 at a volume-weighted average price of 731.6857 pence, with the shares to be held in treasury. In total, the group has now bought back 1,519,039 shares under the programme, leaving 491,329,545 ordinary shares in issue and the same number of voting rights, a figure that will be used by investors for regulatory disclosure thresholds and that underscores the company’s ongoing capital management strategy.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £782.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Buyback, Sets New Voting Rights Total
Neutral
Feb 3, 2026

Balfour Beatty has continued its ongoing share buyback programme, repurchasing 65,000 ordinary shares on 2 February 2026 at a volume-weighted average price of 722.45p, with prices ranging between 713.00p and 729.50p across the London Stock Exchange, Chi-X and BATS trading venues. All repurchased shares are being held in treasury with no voting rights attached, bringing total buybacks under the current programme to 1,449,039 shares and leaving 491,399,545 ordinary shares in issue and voting rights outstanding, a figure the company highlighted as the new reference point for shareholders’ regulatory disclosure calculations.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Regulatory Filings and Compliance
Balfour Beatty Updates Market on Total Voting Rights and Share Capital
Neutral
Feb 2, 2026

Balfour Beatty has confirmed that as of 31 January 2026 its issued share capital consists of 492,848,584 ordinary shares of 50p each, of which 1,384,039 are held in treasury and therefore do not carry dividend or voting rights, leaving a total of 491,464,545 voting rights in the company. This updated voting rights figure will serve as the reference denominator for shareholders and other investors when assessing whether they must notify holdings or changes in holdings under UK disclosure and transparency regulations, underpinning compliance and transparency in the company’s shareholder base.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Expands Share Buyback, Updates Voting Share Capital
Positive
Feb 2, 2026

Balfour Beatty has continued its share buyback programme, repurchasing 70,000 ordinary shares on 30 January 2026 at a volume-weighted average price of 716.5643 pence, with the shares to be held in treasury. In total, the company has now bought back 1,384,039 shares under the programme, all held in treasury without voting rights, leaving 491,464,545 ordinary shares in issue and constituting the current total voting rights, a figure that will guide shareholders’ disclosure obligations and underscores the group’s ongoing capital management strategy.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and Strategy
Balfour Beatty Wins £315m Warwickshire Highways Deal, Extending Long-Term Local Authority Partnership
Positive
Feb 2, 2026

Balfour Beatty has secured a £315 million, seven‑year Warwickshire Highways Maintenance contract from Coventry City Council, Solihull Metropolitan Borough Council and Warwickshire County Council, marking its third consecutive term on the framework and extending the strategic partnership to spring 2033, with a possible six‑year extension that could lift the total value to £900 million. Delivered through Balfour Beatty Living Places, the deal covers maintenance of more than 5,000 kilometres of roads and 55,000 streetlights, introduces a digitally enabled operating model to improve planning, performance oversight and future AI‑driven efficiencies, and will employ about 160 people at peak, including graduates and apprentices, underscoring the group’s entrenched position in UK local authority infrastructure services and its push towards long‑term, technology‑enhanced contracts that support local communities.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock Buyback
Balfour Beatty Expands Treasury Stock Through Ongoing Share Buyback
Positive
Jan 30, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 29 January 2026 at a volume-weighted average price of about 718 pence per share through Deutsche Numis, and holding the shares in treasury. Following this latest transaction, the company has bought back a total of 1,314,039 shares under the programme, all of which are held in treasury with no voting rights, leaving 491,534,545 ordinary shares in issue and voting rights outstanding, a figure that will be used by shareholders when assessing disclosure thresholds under UK market rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £783.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Sets New Voting Share Count
Neutral
Jan 29, 2026

Balfour Beatty has continued its recently announced share buyback programme with the purchase of 75,000 ordinary shares on 28 January 2026 at a volume-weighted average price of 718.5779 pence, executed through Deutsche Bank’s Deutsche Numis unit. The repurchased shares will be held in treasury, bringing total buybacks under the programme to 1,244,039 shares and leaving 491,604,545 ordinary shares in issue and carrying voting rights, a figure the company highlighted as the new reference point for investors monitoring disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock Buyback
Balfour Beatty Extends Buyback as Treasury Shares Top 1.16 Million
Neutral
Jan 28, 2026

Balfour Beatty has continued its previously announced share buyback programme with the repurchase of 70,000 ordinary shares on 27 January 2026, at a volume-weighted average price of 724.25 pence, through Deutsche Bank’s Deutsche Numis arm. The shares, which are being held in treasury and therefore carry no voting rights, bring the total repurchased under the current programme to 1,169,039 shares and leave 491,679,545 ordinary shares in issue and voting rights outstanding, a figure the company highlighted as the new reference point for shareholder disclosure thresholds under UK market rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock Buyback
Balfour Beatty Expands Treasury Stock with Further Share Buybacks
Neutral
Jan 27, 2026

Balfour Beatty has continued its share buyback programme, repurchasing 70,000 ordinary shares on 26 January 2026 at a volume-weighted average price of 717.9553 pence per share through Deutsche Numis, and holding these shares in treasury. Following this latest transaction, the company has bought back a total of 1,099,039 shares under the current programme, all held in treasury without voting rights, leaving 491,749,545 ordinary shares in issue and the same number of voting rights outstanding, a figure that will guide shareholders’ disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock Buyback
Balfour Beatty Continues Share Buyback, Lifts Treasury Holdings to Over 1 Million Shares
Positive
Jan 26, 2026

Balfour Beatty has continued to execute its recently announced share buyback programme, repurchasing 70,000 ordinary shares on 23 January 2026 at a volume-weighted average price of 712.73 pence per share through Deutsche Bank’s Deutsche Numis unit. The company now holds all 1,029,039 repurchased shares in treasury with no voting rights, leaving 491,819,545 shares in issue and constituting the total voting rights for regulatory disclosure purposes, a move that can signal confidence in the group’s valuation and modestly enhance earnings per share for existing investors.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Share Buyback, Lifts Treasury Stock to 959,039 Shares
Positive
Jan 23, 2026

Balfour Beatty has continued its ongoing share buyback programme, repurchasing 70,000 ordinary shares on 22 January 2026 at a volume-weighted average price of 721.6249 pence per share through Deutsche Numis, with the shares to be held in treasury. Including this latest transaction, the company has bought back a total of 959,039 shares under the programme, all held in treasury without voting rights, leaving 491,889,545 ordinary shares in issue and the same number of voting rights, a figure shareholders can use to assess disclosure thresholds under UK regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Tightening Voting Share Base
Neutral
Jan 22, 2026

Balfour Beatty has continued executing its recently launched share buyback programme, repurchasing 70,000 ordinary shares on 21 January 2026 at a volume-weighted average price of 714.21p, with all shares to be held in treasury. Following these latest transactions, the company has bought back a total of 889,039 shares under the programme, all held in treasury without voting rights, leaving 491,959,545 ordinary shares in issue and constituting the new denominator for shareholders’ disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock Buyback
Balfour Beatty Updates Market on Progress of Share Buyback Programme
Neutral
Jan 21, 2026

Balfour Beatty has continued its previously announced share buyback programme with the repurchase of 75,000 ordinary shares on 20 January 2026 at a volume-weighted average price of about 711.53 pence, with the shares to be held in treasury. Following this latest transaction, the company has bought back a total of 819,039 shares under the programme, all held in treasury with no voting rights, leaving 492,029,545 ordinary shares in issue and constituting the updated total voting rights figure that shareholders must use for regulatory disclosure purposes.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Treasury Stock with Ongoing Share Buyback
Positive
Jan 20, 2026

Balfour Beatty has continued executing its previously announced share buyback programme, repurchasing 75,000 ordinary shares on 19 January 2026 at a volume-weighted average price of 719.7511 pence per share via Deutsche Numis, with all repurchased shares held in treasury. In total, the company has now bought back 744,039 shares under the programme, all of which are treasury shares with no voting rights, leaving 492,104,545 ordinary shares in issue and constituting the updated voting-rights denominator for investors monitoring their disclosure thresholds under UK market transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Updates Voting Rights Total
Neutral
Jan 19, 2026

Balfour Beatty has continued to execute its previously announced share buyback programme, repurchasing 41,488 ordinary shares on 16 January 2026 at a volume-weighted average price of 723.2983 pence per share via Deutsche Numis, and holding them in treasury. In total, the company has now bought back 669,039 shares at an average price of 717.9075 pence, all held in treasury with no voting rights, leaving 492,179,545 ordinary shares in issue and constituting the new total voting rights figure that shareholders should use for regulatory disclosure calculations under the FCA’s transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £786.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Tightening Share Capital Base
Neutral
Jan 16, 2026

Balfour Beatty has continued to execute its recently announced share buyback programme, repurchasing 70,000 ordinary shares on 15 January 2026 at a volume-weighted average price of 717.1912 pence per share through Deutsche Bank’s Deutsche Numis arm. All the shares bought back are being held in treasury with no voting rights attached, bringing the total repurchased under the current programme to 627,551 shares and leaving 492,221,033 ordinary shares in issue and voting rights outstanding, a figure that will guide investors’ disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Continues Share Buyback, Tightening Free Float and Updating Voting Rights
Neutral
Jan 15, 2026

Balfour Beatty has continued executing its recently launched share buyback programme, repurchasing 70,000 ordinary shares on 14 January 2026 at a volume-weighted average price of 713.5290 pence, with all repurchased shares to be held in treasury. Following this latest transaction, the company has bought back a total of 557,551 shares under the programme, all held in treasury without voting rights, leaving 492,291,033 ordinary shares in issue and constituting the revised denominator for investors’ disclosure obligations under the UK’s regulatory transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Lifting Treasury Stock and Reducing Free Float
Positive
Jan 14, 2026

Balfour Beatty has continued its recently launched share buyback programme with the repurchase of 70,000 ordinary shares on 13 January 2026 at a volume-weighted average price of 713.87 pence per share, executed via Deutsche Bank’s Deutsche Numis unit across the London Stock Exchange and alternative trading venues. The repurchased shares, along with earlier purchases bringing the total to 487,551 shares held in treasury with no voting rights, reduce the free float to 492,361,033 voting shares outstanding, a move that can support earnings per share and capital-return objectives while providing shareholders with a new denominator for regulatory disclosure calculations under the FCA’s transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Expands Treasury Stock with Latest Share Buyback Tranche
Neutral
Jan 13, 2026

Balfour Beatty has continued executing its recently announced share buyback programme, repurchasing 70,000 ordinary shares on 12 January 2026 at a volume-weighted average price of 726.3391 pence per share through Deutsche Numis, with the shares to be held in treasury. Following this latest transaction, the company has bought back a total of 417,551 shares under the programme, all held in treasury with no voting rights, leaving 492,431,033 ordinary shares in issue and the same number of voting rights, a figure that shareholders may use to assess disclosure obligations under UK regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Updates Voting Rights Total
Neutral
Jan 12, 2026

Balfour Beatty has continued its recently launched share buyback programme, repurchasing 70,000 ordinary shares on 9 January 2026 at a volume-weighted average price of 715.8743 pence per share via Deutsche Numis. Following these transactions, the group now holds 347,551 shares in treasury, leaving 492,501,033 ordinary shares in issue and constituting the total number of voting rights, a key reference figure for shareholders assessing disclosure obligations under UK financial regulations.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Continues Share Buyback, Sets New Voting Share Count
Neutral
Jan 9, 2026

Balfour Beatty has continued to execute its recently launched share buyback programme, repurchasing 70,000 ordinary shares on 8 January 2026 at a volume-weighted average price of 719.0677 pence per share through Deutsche Numis. All repurchased shares will be held in treasury without voting rights, taking the total number of shares held in treasury under the programme to 277,551 and leaving 492,571,033 ordinary shares in issue and carrying voting rights, a figure the company highlighted as the new reference point for investors assessing their disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Sets New Voting Rights Total
Neutral
Jan 8, 2026

Balfour Beatty has continued execution of its recently announced share buyback programme, repurchasing 70,000 ordinary shares on 7 January 2026 via Deutsche Bank’s Deutsche Numis unit at a volume-weighted average price of 721.5171 pence per share. The company will hold these shares, along with previous repurchases, in treasury without voting rights, leaving 492,641,033 ordinary shares in issue and representing the full voting rights of the company, a key reference figure for investors monitoring their disclosure obligations under UK regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £640.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Advances Share Buyback, Tightening Free Float and Voting Base
Positive
Jan 7, 2026

Balfour Beatty has continued its recently announced share buyback programme with the purchase of 67,551 ordinary shares on 6 January 2026, at a volume-weighted average price of 721.8154 pence per share, through Deutsche Numis across the London Stock Exchange, Chi-X and BATS venues. The repurchased shares, which bring total buybacks under the programme to 137,551 shares held in treasury without voting rights, reduce the number of shares in public hands and set the company’s total voting rights at 492,711,033, a key reference point for investors monitoring their disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £640.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Buys Back 70,000 Shares, Sets New Voting Rights Total
Positive
Jan 6, 2026

Balfour Beatty has launched its latest share buyback activity, repurchasing 70,000 ordinary shares of 50 pence each on 5 January 2026 at a volume-weighted average price of 708.9055 pence through Deutsche Numis, with the shares to be held in treasury without voting rights. Following this transaction, the company’s total voting rights stand at 492,778,584 shares, a figure that will serve as the new reference point for investors assessing disclosure thresholds under UK regulatory rules, signalling continued capital management and shareholder-return focus by the infrastructure group.

The most recent analyst rating on (GB:BBY) stock is a Hold with a £640.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Balfour Beatty Sells Ten UK Infrastructure Assets to Equitix for £87 Million
Positive
Jan 5, 2026

Balfour Beatty has completed the sale of ten UK assets from its Infrastructure Investments portfolio to Equitix, generating combined proceeds of £87 million and a gain of £7 million. The disposal, which covers three offshore transmission owners, five street lighting projects, one biomass plant and one road concession, exceeded the directors’ valuation as of June 2025 and aligns with the company’s strategy of recycling capital by selling operational assets to optimise value while continuing to invest in new infrastructure opportunities, reinforcing its positioning as an active infrastructure investor and operator.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty launches initial £50m tranche of 2026 share buyback
Positive
Jan 5, 2026

Balfour Beatty has launched the initial tranche of its 2026 share buyback programme, appointing its corporate brokers to repurchase up to £50 million of Ordinary Shares on the open market by 30 June 2026, with the stated purpose of reducing its share capital and holding the repurchased shares in treasury. The company plans to execute the buyback through non-discretionary programmes within pre-set parameters ahead of closed periods, with brokers acting independently, and has authority to purchase up to 62,728,004 shares; further details on the total 2026 buyback will be confirmed with full-year results in March, signalling an ongoing capital return strategy that may support earnings per share and shareholder value.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Regulatory Filings and Compliance
Balfour Beatty Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026

Balfour Beatty has confirmed that as of 31 December 2025 its issued share capital consists of 492,848,584 ordinary shares of 50 pence each, all carrying one vote, with no shares held in treasury, resulting in total voting rights of 492,848,584. This updated share and voting-rights figure provides a clear denominator for investors and other stakeholders to calculate and disclose their shareholdings under UK transparency regulations, reinforcing the company’s compliance with disclosure rules and offering an up-to-date reference point for market participants monitoring ownership positions in the stock.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Balfour Beatty Cancels Treasury Shares, Sets New Voting Rights Total at 492.8 Million
Neutral
Dec 24, 2025

Balfour Beatty has cancelled 24,175,236 ordinary shares previously held in treasury, reducing its total ordinary shares in issue to 492,848,584, each carrying one vote, and leaving the company with no remaining shares held in treasury. The updated share capital means the total number of voting rights in Balfour Beatty now stands at 492,848,584, a key reference figure for investors assessing disclosure thresholds and reporting changes in their holdings under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

DividendsRegulatory Filings and Compliance
Balfour Beatty Chair Increases Shareholding Through Dividend Reinvestment
Positive
Dec 19, 2025

Balfour Beatty has disclosed that its chair, Charles Allen, Lord Allen of Kensington, has increased his holding in the company through the reinvestment of dividends into ordinary shares. The latest transactions, carried out on the London Stock Exchange in July and December 2025, add 2,388 shares to his position, taking his total stake to 109,831 shares and signalling continued personal alignment with the company’s long‑term prospects, in line with UK market abuse regulation transparency requirements.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Balfour Beatty Sells Glasgow Student Asset for £26m, Realising £24m Profit
Positive
Dec 19, 2025

Balfour Beatty has completed the sale of Foundry Courtyard, a 536-bed student accommodation asset in Glasgow, disposing of its full 100% stake to an undisclosed buyer. The transaction delivers net disposal proceeds of £26 million and a £24 million profit on disposal, aligning with the directors’ June 2025 valuation and supporting the group’s strategy of recycling capital by selling operational assets while reinvesting in new opportunities; gains on investment disposals for the full year remain forecast in the £30–40 million range, underscoring the continuing contribution of its investment portfolio to earnings and balance-sheet flexibility.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Advances Share Buyback Programme
Neutral
Dec 15, 2025

Balfour Beatty has announced a transaction in its own shares as part of its ongoing share buyback programme. The company repurchased 27,966 ordinary shares at a volume-weighted average price of 710.8512 pence, which will be held in treasury. This move is part of a larger strategy to manage its share capital and potentially enhance shareholder value. The total number of voting rights in the company remains at 492,848,584, which stakeholders can use to assess their interests under regulatory requirements.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Business Operations and StrategyStock Buyback
Balfour Beatty Advances Share Buyback Program with Recent Purchase
Positive
Dec 12, 2025

Balfour Beatty announced the purchase of 31,727 ordinary shares as part of its ongoing share buyback program, which was initially announced in January 2025 and increased in March 2025. The repurchased shares will be held in treasury, reducing the number of shares in issue to 492,876,550. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The repurchase program reflects Balfour Beatty’s confidence in its financial position and future prospects.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 12, 2026