Balfour Beatty (LON:BBY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 801.33 and traded as high as GBX 882. Balfour Beatty shares last traded at GBX 876.97, with a volume of 65,121,844 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 985 target price on shares of Balfour Beatty in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 856.67.

Balfour Beatty Price Performance

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The stock has a market capitalization of £4.15 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.75 and a beta of 0.59. The stock’s 50 day simple moving average is GBX 851.55 and its 200-day simple moving average is GBX 801.33.

Balfour Beatty (LON:BBY) last posted its earnings results on Thursday, June 18th. The company reported GBX 14.40 EPS for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The company had revenue of GBX 452.20 billion during the quarter. On average, analysts expect that Balfour Beatty plc will post 43.3100698 EPS 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.