Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 640.64 and traded as high as GBX 722. Balfour Beatty shares last traded at GBX 708, with a volume of 510,735 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty currently has a consensus rating of “Buy” and an average price target of GBX 712.50.

Balfour Beatty Stock Down 1.5%

The business has a 50 day moving average of GBX 706.26 and a two-hundred day moving average of GBX 640.64. The stock has a market capitalization of £3.45 billion, a PE ratio of 20.06, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

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.