Balfour Beatty (LON:BBY) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 700.45 and traded as high as GBX 767. Balfour Beatty shares last traded at GBX 746.50, with a volume of 877,341 shares changing hands.

Wall Street Analysts Forecast Growth

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

Balfour Beatty Trading Down 1.8%

The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The stock has a market capitalization of £3.62 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.75 and a beta of 0.64. The business’s fifty day simple moving average is GBX 744.54 and its two-hundred day simple moving average is GBX 700.45.

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

Balfour Beatty announced that its board has authorized a share repurchase program on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.