Balfour Beatty (LON:BBY) Shares Pass Above 200 Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBYGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 788.46 and traded as high as GBX 878. Balfour Beatty shares last traded at GBX 863.50, with a volume of 526,184 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 985 target price on shares of Balfour Beatty in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 856.67.

Get Our Latest Analysis on BBY

Balfour Beatty Stock Performance

The firm’s 50 day moving average is GBX 836.67 and its 200 day moving average is GBX 788.46. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02. The stock has a market cap of £4.09 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBYGet Free Report) last announced its earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. The company had revenue of GBX 452.20 billion during the quarter. Analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS for the current year.

About Balfour Beatty

(Get Free Report)

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.

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