Balfour Beatty (LON:BBY) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Balfour Beatty plc (LON:BBY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 521.04 ($7.02) and traded as high as GBX 649.50 ($8.76). Balfour Beatty shares last traded at GBX 647.05 ($8.72), with a volume of 666,712 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Berenberg Bank lifted their price objective on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the stock a “buy” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Balfour Beatty presently has an average rating of “Buy” and an average price target of GBX 680.

Balfour Beatty Price Performance

The stock has a market capitalization of £3.18 billion, a price-to-earnings ratio of 1,842.78, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The stock has a fifty day moving average of GBX 596.08 and a 200-day moving average of GBX 521.04.

Balfour Beatty (LON:BBY) last released its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. On average, equities research analysts predict that Balfour Beatty plc will post 43.3100698 EPS 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.