Balfour Beatty (LON:BBY) Share Price Passes Above 200 Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 700.45 and traded as high as GBX 767. Balfour Beatty shares last traded at GBX 746.50, with a volume of 877,341 shares traded.

Wall Street Analyst Weigh In

BBY has been the topic of a number of recent research reports. Berenberg Bank lifted their price target on Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty currently has an average rating of “Buy” and an average target price of GBX 792.50.

Balfour Beatty Stock Down 1.8%

The firm has a market capitalization of £3.62 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 3.75 and a beta of 0.64. The stock has a fifty day moving average of GBX 744.54 and a two-hundred day moving average of GBX 701.07. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last announced its earnings results on Wednesday, March 11th. The company reported GBX 47.60 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. Sell-side analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its board has initiated a stock repurchase program on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

About Balfour Beatty

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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.