Balfour Beatty (LON:BBY) Share 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 Monday . The stock has a 200-day moving average of GBX 673.87 and traded as high as GBX 780. Balfour Beatty shares last traded at GBX 769, with a volume of 400,519 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Balfour Beatty from GBX 650 to GBX 715 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 712.50.

Balfour Beatty Stock Down 0.2%

The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market cap of £3.73 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business’s 50 day moving average is GBX 729.63 and its 200 day moving average is GBX 673.87.

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.