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

Key Points

• Balfour Beatty shares recently surpassed their 200-day moving average, trading at GBX 628.85 ($8.50) after peaking at GBX 639.50 ($8.65).
• Analysts have set new price targets for Balfour Beatty, with Deutsche Bank raising theirs to GBX 650 and Berenberg Bank to GBX 710, maintaining "buy" ratings.
• The company's market capitalization stands at £3.08 billion, with a PE ratio of 1,777.62 and a projected earnings per share of 43.31 for the current fiscal year.

Balfour Beatty plc (LON:BBY - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 508.48 ($6.88) and traded as high as GBX 639.50 ($8.65). Balfour Beatty shares last traded at GBX 628.85 ($8.50), with a volume of 1,318,862 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BBY. Deutsche Bank Aktiengesellschaft increased their target price on Balfour Beatty from GBX 575 to GBX 650 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Berenberg Bank increased their target price on Balfour Beatty from GBX 660 to GBX 710 and gave the stock a "buy" rating in a report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Balfour Beatty presently has an average rating of "Buy" and an average price target of GBX 680.

Balfour Beatty Price Performance

The firm has a market capitalization of £3.08 billion, a PE ratio of 1,777.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a 50-day moving average of GBX 576.13 and a 200 day moving average of GBX 508.48. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

Balfour Beatty (LON:BBY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported GBX 14.40 EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, research analysts anticipate that Balfour Beatty plc will post 43.3100698 EPS 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.

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