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

Balfour Beatty plc (LON:BBY) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 682.11 and traded as high as GBX 749. Balfour Beatty shares last traded at GBX 726.57, with a volume of 1,118,248 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Balfour Beatty from GBX 650 to GBX 715 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 712.50.

Balfour Beatty Price Performance

The firm has a 50-day simple moving average of GBX 734.47 and a two-hundred day simple moving average of GBX 682.73. The company has a market capitalization of £3.51 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 3.75 and a beta of 0.64. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 104.84.

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.