Balfour Beatty (LON:BBY) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBYGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 537.87 ($7.19) and traded as high as GBX 669.50 ($8.94). Balfour Beatty shares last traded at GBX 660 ($8.82), with a volume of 722,336 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BBY shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Balfour Beatty from GBX 575 to GBX 650 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Berenberg Bank boosted their target price on shares of Balfour Beatty from GBX 660 to GBX 710 and gave the stock a “buy” rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Balfour Beatty presently has a consensus rating of “Buy” and an average target price of GBX 680.

Read Our Latest Research Report on BBY

Balfour Beatty Trading Up 0.3%

The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The business’s 50 day moving average is GBX 621.99 and its 200-day moving average is GBX 537.87. The firm has a market cap of £3.24 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBYGet Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. As a group, analysts forecast that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty Company Profile

(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.

Featured Stories

Receive News & Ratings for Balfour Beatty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balfour Beatty and related companies with MarketBeat.com's FREE daily email newsletter.