Balfour Beatty (LON:BBY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 850.10 and traded as high as GBX 885.50. Balfour Beatty shares last traded at GBX 876, with a volume of 1,473,163 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BBY. Berenberg Bank boosted their price target on shares of 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 reissued a “buy” rating and set a GBX 985 price target on shares of Balfour Beatty in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a “buy” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Balfour Beatty has an average rating of “Buy” and an average target price of GBX 1,051.67.

Balfour Beatty Stock Performance

The company’s 50 day simple moving average is GBX 890.81 and its 200 day simple moving average is GBX 850.10. The stock has a market cap of £4.11 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. On average, equities research analysts anticipate that Balfour Beatty plc will post 43.31 earnings per share 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.