Balfour Beatty (LON:BBY) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 875.61 and traded as high as GBX 892.50. Balfour Beatty shares last traded at GBX 880, with a volume of 1,299,040 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBY. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,120 price target on shares of Balfour Beatty in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,070 price target on shares of Balfour Beatty in a report on Monday, October 19th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,096.67.

Balfour Beatty Price Performance

The company has a fifty day simple moving average of GBX 875.61 and a two-hundred day simple moving average of GBX 829.27. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. The stock has a market capitalization of £4.13 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. As a group, equities research analysts expect that Balfour Beatty plc will post 43.31 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.