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Balfour Beatty (LON:BBY) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Balfour Beatty logo with Industrials background

Key Points

  • Balfour Beatty's share price recently crossed above its 200-day moving average, signaling potential upward momentum as it last traded at GBX 647.05 ($8.72).
  • Analysts from Berenberg Bank and Deutsche Bank have increased their price targets for Balfour Beatty, with the stock receiving a consensus rating of "Buy" and a target price of GBX 680.
  • The company reported a net margin of 2.85% and a return on equity of 19.46% in its latest quarterly earnings, projecting earnings per share of approximately 43.31 for the current fiscal year.
  • Five stocks we like better than Balfour Beatty.

Balfour Beatty plc (LON:BBY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 521.04 ($7.02) and traded as high as GBX 649.50 ($8.76). Balfour Beatty shares last traded at GBX 647.05 ($8.72), with a volume of 666,712 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBY. Berenberg Bank increased their price objective 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. Deutsche Bank Aktiengesellschaft raised their price target on Balfour Beatty from GBX 575 to GBX 650 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 680.

Get Our Latest Stock Report on BBY

Balfour Beatty Stock Up 0.5%

The business's fifty day moving average is GBX 596.08 and its two-hundred day moving average is GBX 521.04. The stock has a market cap of £3.18 billion, a price-to-earnings ratio of 1,842.78, a PEG ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85.

Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 EPS for the quarter. Balfour Beatty had a net margin of 2.85% and a return on equity of 19.46%. Equities 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.

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