Balfour Beatty (LON:BBY) Share Price Passes Above 200 Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 829.19 and traded as high as GBX 852.50. Balfour Beatty shares last traded at GBX 847.50, with a volume of 54,841,168 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Berenberg Bank increased their target price 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 985 price target on shares of Balfour Beatty in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Balfour Beatty has a consensus rating of “Buy” and a consensus price target of GBX 1,051.67.

Balfour Beatty Stock Up 1.8%

The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 95.45. The company has a 50 day simple moving average of GBX 872.98 and a two-hundred day simple moving average of GBX 830. The company has a market capitalization of £4.27 billion, a P/E ratio of 17.39, a PEG ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last announced its earnings results on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. As a group, equities analysts predict that Balfour Beatty plc will post 43.3100698 EPS 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.