Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 814.84 and traded as high as GBX 891.50. Balfour Beatty shares last traded at GBX 876, with a volume of 40,288,000 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BBY shares. Berenberg Bank upped their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 985 target price on shares of Balfour Beatty in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 1,051.67.

Balfour Beatty Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45. The stock has a market cap of £4.24 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 3.75 and a beta of 0.59. The stock has a 50-day moving average price of GBX 872.29 and a two-hundred day moving average price of GBX 815.33.

Balfour Beatty (LON:BBY) last announced its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (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 research analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current 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.