Balfour Beatty (LON:BBY) Shares Break Above 50-Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 875.61 and traded as high as GBX 892.50. Balfour Beatty shares last traded at GBX 880, with a volume of 1,299,040 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on BBY. Deutsche Bank upped their price target on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,120 price objective on shares of Balfour Beatty in a report on Wednesday, October 14th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,070 price objective on shares of Balfour Beatty in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Balfour Beatty currently has an average rating of “Buy” and an average price target of GBX 1,096.67.

Balfour Beatty Trading Down 0.2%

The stock has a market capitalization of £4.16 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 3.75 and a beta of 0.59. The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. The firm has a fifty day moving average of GBX 876.69 and a 200-day moving average of GBX 831.07.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. As a group, equities analysts predict that Balfour Beatty plc will post 43.31 earnings per share for the current fiscal year.

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.