Balfour Beatty (LON:BBY) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 875.61 and traded as high as GBX 892.50. Balfour Beatty shares last traded at GBX 880, with a volume of 1,299,040 shares traded.

Analysts Set New Price Targets

BBY has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,070 price objective on shares of Balfour Beatty in a research report on Monday, October 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,120 target price on shares of Balfour Beatty in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price of GBX 1,096.67.

Balfour Beatty Trading Up 0.5%

The company has a 50-day simple moving average of GBX 875.61 and a 200-day simple moving average of GBX 829.27. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. The stock has a market cap of £4.13 billion, a P/E ratio of 16.94, a P/E/G ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data 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%. On average, sell-side analysts forecast that Balfour Beatty plc will post 43.31 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.