Balfour Beatty (LON:BBY) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 836.55 and traded as high as GBX 942.50. Balfour Beatty shares last traded at GBX 927, with a volume of 1,038,624 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Berenberg Bank boosted their price target on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 985 price objective on shares of Balfour Beatty in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Three research 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 price target of GBX 1,051.67.

Balfour Beatty Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45. The stock’s fifty day simple moving average is GBX 881.40 and its 200 day simple moving average is GBX 838.10. The company has a market cap of £4.40 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last issued its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. As a group, analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

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.