Balfour Beatty (LON:BBY) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 825.62 and traded as high as GBX 881.50. Balfour Beatty shares last traded at GBX 870, with a volume of 761,204 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 985 target price on shares of Balfour Beatty in a research report on Thursday, August 13th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty has an average rating of “Buy” and a consensus target price of GBX 1,051.67.

Balfour Beatty Stock Performance

The company has a market cap of £4.09 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 95.45, a current ratio of 0.98 and a quick ratio of 0.84. The firm has a fifty day simple moving average of GBX 874.64 and a 200 day simple moving average of GBX 825.62.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. On average, sell-side analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal 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.