Balfour Beatty (LON:BBY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 693.88 and traded as high as GBX 775. Balfour Beatty shares last traded at GBX 751.50, with a volume of 71,912,438 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBY. Berenberg Bank lifted their target price on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft raised their target price on Balfour Beatty from GBX 650 to GBX 715 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 792.50.

Balfour Beatty Stock Down 2.2%

The stock’s 50-day moving average price is GBX 740.37 and its 200-day moving average price is GBX 694.88. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The stock has a market cap of £3.58 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 3.75 and a beta of 0.64.

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

Balfour Beatty declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Balfour Beatty Company Profile

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.