Balfour Beatty (LON:BBY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 693.88 and traded as high as GBX 775. Balfour Beatty shares last traded at GBX 751.50, with a volume of 71,912,438 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BBY. Deutsche Bank Aktiengesellschaft upped their price target on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a research report on Thursday, December 4th. Berenberg Bank lifted their price target on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 792.50.

Balfour Beatty Stock Down 0.6%

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The company has a market capitalization of £3.64 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.75 and a beta of 0.64. The stock has a 50-day moving average price of GBX 740.04 and a 200-day moving average price of GBX 693.88.

Balfour Beatty (LON:BBY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. On average, research analysts predict that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its board has initiated a stock repurchase program on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.