Balfour Beatty (LON:BBY) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 781.94 and traded as high as GBX 869.50. Balfour Beatty shares last traded at GBX 849.50, with a volume of 1,657,237 shares changing hands.

Analysts Set New Price Targets

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

Balfour Beatty Trading Down 1.2%

The firm has a market capitalization of £4.03 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 3.75 and a beta of 0.59. The business’s 50-day moving average price is GBX 835.59 and its 200 day moving average price is GBX 781.94. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY) last released its quarterly earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The firm had revenue of GBX 452.20 billion for the quarter. On average, equities analysts forecast that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

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.