Balfour Beatty (LON:BBY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBYGet Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 781.94 and traded as high as GBX 869.50. Balfour Beatty shares last traded at GBX 849.50, with a volume of 1,657,237 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 985 target price on shares of Balfour Beatty in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 856.67.

Check Out Our Latest Stock Report on BBY

Balfour Beatty Stock Down 1.2%

The business’s fifty day moving average price is GBX 835.59 and its 200 day moving average price is GBX 781.94. The firm has a market capitalization of £4.03 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 3.75 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBYGet Free Report) last issued its quarterly earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The firm had revenue of GBX 452.20 billion during the quarter. On average, equities analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty Company Profile

(Get Free Report)

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.

Further Reading

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