Balfour Beatty (LON:BBY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyBalfour Beatty plc (LON:BBY – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 845.01 and traded as high as GBX 932.50. Balfour Beatty shares last traded at GBX 920, with a volume of 1,647,056 shares changing hands.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 price target on shares of Balfour Beatty in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft raised 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, Berenberg Bank boosted their target price on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a “buy” rating 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 presently has an average rating of “Buy” and a consensus price target of GBX 1,051.67.
Get Our Latest Stock Analysis on Balfour Beatty
Balfour Beatty Trading Up 1.9%
The company has a debt-to-equity ratio of 95.45, a current ratio of 0.98 and a quick ratio of 0.84. The business has a fifty day moving average of GBX 888.56 and a 200-day moving average of GBX 845.66. The stock has a market capitalization of £4.41 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59.
Balfour Beatty (LON:BBY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. On average, equities analysts anticipate 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.