Balfour Beatty (LON:BBY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 596.38 and traded as high as GBX 715. Balfour Beatty shares last traded at GBX 708.50, with a volume of 36,695,988 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BBY shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a report on Thursday, December 4th. Berenberg Bank upped their price objective on Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 712.50.

Balfour Beatty Stock Performance

The business’s fifty day moving average price is GBX 674 and its 200-day moving average price is GBX 597.01. The stock has a market cap of £3.45 billion, a PE ratio of 20.07, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

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.