Balfour Beatty (LON:BBY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 801.33 and traded as high as GBX 882. Balfour Beatty shares last traded at GBX 876.97, with a volume of 65,121,844 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 985 price target on shares of Balfour Beatty in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 856.67.

Balfour Beatty Stock Down 0.5%

The firm has a 50-day moving average of GBX 851.55 and a two-hundred day moving average of GBX 801.33. The stock has a market capitalization of £4.15 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 EPS for the quarter. The firm had revenue of GBX 452.20 billion for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, sell-side 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.