Friday tips round-up: BT, Balfour Beatty, Booker...

BT bulls have had little to complain about recently as the stock has climbed 20% in two months and broken through the 190p barrier for the first time in two and a half years.The company is due a re-rating this year if the management team keeps ticking all the right boxes. A return to growth is still a fair way off but even if the stock gains 25% and hits Goldman Sachs' price target of 235p it would still trade at an 8% discount to its peers. It could finally be time for BT to ring up some gains says the Times.There's still time to get into Balfour Beatty on the cheap - but probably not for long. According to yesterday's trading update, the construction and services group is on track for full-year results as expected, and the company is still a favourite tip in an otherwise beleaguered sector. The multiple of 8.9 times forecast earnings is still below the sector average of 10 times. Expect a spike in the share price when full-year results are published in March. Buy says the Independent.Filtrona, the company that makes everything from cigarette filters to self-adhesive labels, cheered investors with the news that it expected last year's sales to be up 10% on the previous 12 months. Filtrona boasts a forecast yield of 3.4% for 2011 and nearly 4% for 2012. Buy says the Independent.Filtrona is not short of fans in the analyst community but it was notable that there was virtually no upward movement in forecasts following the 2010 update. Rising raw material prices have taken some of the shine off potential growth in 2011 but few Filtrona watchers were overly concerned. Hold on for now says the Times.Booker, which returned to the market in 2007, hasn't put a foot wrong this winter. Sales increased by 7.2% in the 16 weeks to the end of 2010, and 5.4% on a like-for-like basis. Booker is the highest rated of the quoted food retailers in the sector and trades at 15.4 times 2012 forecasts. The valuation is justified by its cash pile and its growth profile. This story has more upside so carry on rather than cash out says the Times.News this week from Barratt Developments, the UK's biggest house builder, was reassuring. The company is on track to meet its operational targets in its financial year to June. The shares are trading on a prospective 2011 earnings multiple of 41.1 times, falling to 13.7 in 2012 and just 8.3 in 2013. The company is expected to reinstate it dividend this year but at a very low level. Buy says the Telegraph.Bakery chain Greggs will continue to expand, taking advantage of the troubled high street background to take on vacant units at the right price and continue to move into industrial estates and transport hubs. The shares are trading on a December 2010 earnings multiple of 12.9 times, falling to 11.8 next year. The yield is 3.8%. Buy says the Telegraph.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.