Balfour Beatty (LON:BBY) Shares Pass Above 200-Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 825.62 and traded as high as GBX 881.50. Balfour Beatty shares last traded at GBX 870, with a volume of 761,204 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on BBY. Berenberg Bank lifted their price target on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective 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, Jefferies Financial Group restated a “buy” rating and set a GBX 985 target price on shares of Balfour Beatty in a report on Thursday, August 13th. Three equities research 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 a consensus target price of GBX 1,051.67.

Balfour Beatty Trading Down 0.6%

The business has a 50 day moving average of GBX 874.70 and a 200-day moving average of GBX 826.28. The stock has a market cap of £4.07 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45.

Balfour Beatty (LON:BBY) last released its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. On average, analysts anticipate 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.