Berenberg sets GBp 1,070 target for Balfour Beatty stock

Published on 10/20/2026 at 20:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Transmission revenue reached GBP 366.0 million in the first half of 2026. Balfour Beatty stock costs EUR 10.05 on October 20, 2026 at 8:18 p.m. CEST.

Berenberg target and grid growth

Berenberg reiterated a Buy rating and set a GBp 1,070 target on October 19, 2026.
Transmission revenue reached GBP 366.0 million in the first half of 2026.
Balfour Beatty stock costs EUR 10.05 at Lang & Schwarz on October 20, 2026 at 8:18 p.m. CEST.
The next ex-dividend date is October 29, 2026.

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Balfour Beatty (ISIN GB0000961622) received a renewed Buy rating and a GBp 1,070 price target from Berenberg Bank on October 19, 2026, according to MarketBeat. Against the LSE price of GBp 837.50 on October 20, 2026, that target is 27.76 percent above the price. Balfour Beatty was trading at EUR 10.05 at Lang & Schwarz on October 20, 2026 at 8:18 p.m. CEST.

Grid revenue reaches GBP 366 million

The companys UK power transmission business supplied the clearest operating measure. Its first-half revenue reached GBP 366.0 million, while the related order book grew to GBP 2.1 billion from GBP 1.6 billion, Yahoo Finance reported on October 17, 2026. The figures point to a larger contracted base, but they do not remove delivery and cost risks in major infrastructure projects.

Stock stays below its yearly high

At GBp 837.50 on October 20, 2026, Balfour Beatty stood 13.92 percent below its 52-week high of GBp 973.00 and 31.63 percent above its 52-week low of GBp 636.50. The stock had a market capitalization of GBP 3.9 billion and a price-to-earnings ratio of 15.88 on October 19, 2026. The LSE quote was 0.24 percent above its previous close of GBp 835.50 in the same trading session.

Dividend date adds a near-term marker

The next dated shareholder event is the October 29, 2026 ex-dividend date, followed by a December 4, 2026 payment date, according to Simply Wall St. Berenbergs target is the latest dated analyst reference, while the companys grid exposure supplies the operating counterweight.

What the target means for valuation

The GBp 1,070 target sits above the latest LSE price, but the comparison is in pence rather than euros. That distinction matters because the Lang & Schwarz quote is a German euro indication, while Balfour Beattys home listing is in pence on the London Stock Exchange. The operating figures provide a separate test of the analyst view: GBP 2.1 billion of grid orders stood alongside GBP 366.0 million of first-half transmission revenue.

Price and investor markers

Balfour Beatty was trading at EUR 10.05 at Lang & Schwarz on October 20, 2026 at 8:18 p.m. CEST. The stock also stood at GBp 837.50 on the LSE on October 20, 2026 at 4:36 p.m. BST, below its GBp 973.00 52-week high. The further course of trading is shown by the continuously updated real-time quote of Balfour Beatty stock.