Balfour Beatty (LON:BBY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY – Get Free Report)’s stock price passed 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 changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 985 price objective on shares of Balfour Beatty in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty currently has an average rating of “Buy” and an average target price of GBX 856.67.

Get Balfour Beatty alerts:

Check Out Our Latest Stock Analysis on BBY

Balfour Beatty Stock Performance

The firm has a fifty day simple moving average of GBX 837.12 and a 200-day simple moving average of GBX 789.59. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50. The company has a market cap of £4.16 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY – Get Free Report) last announced its earnings results on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 452.20 billion during the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. On average, research analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal 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.

Further Reading

• Five stocks we like better than Balfour Beatty
• Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
• Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
• Moog Is More Than a Missile Maker, and Wall Street Is Noticing
• A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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.