Balfour Beatty (LON:BBY) Share Price Passes Above 200 Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BBY. Berenberg Bank lifted their price target on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 712.50.

Balfour Beatty Price Performance

The firm has a market cap of £3.45 billion, a P/E ratio of 20.07, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a fifty day moving average of GBX 674 and a 200-day moving average of GBX 596.38. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

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.