Balfour Beatty (LON:BBY) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 795.02 and traded as high as GBX 873. Balfour Beatty shares last traded at GBX 861.94, with a volume of 719,573 shares.

Analyst Upgrades and Downgrades

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

Balfour Beatty Stock Performance

The stock has a fifty day simple moving average of GBX 845.55 and a two-hundred day simple moving average of GBX 797.04. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The stock has a market cap of £4.15 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 earnings per share for the quarter. The business had revenue of GBX 452.20 billion during the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. Analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

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.