Balfour Beatty (LON:BBY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 820.50 and traded as high as GBX 889. Balfour Beatty shares last traded at GBX 884.50, with a volume of 113,246,188 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on BBY. Deutsche Bank Aktiengesellschaft boosted their price target on 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 restated a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a report on Thursday, August 13th. Finally, Berenberg Bank lifted their price objective on Balfour Beatty from GBX 870 to GBX 1,070 and gave the company a “buy” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,051.67.

Balfour Beatty Stock Performance

The company’s fifty day moving average price is GBX 874.81 and its two-hundred day moving average price is GBX 820.50. 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 firm has a market capitalization of £4.23 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last released its earnings results 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 analysts expect 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.