Shares of Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 462.49 ($6.31) and traded as high as GBX 518 ($7.07). Balfour Beatty shares last traded at GBX 518 ($7.07), with a volume of 700,085 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 510 ($6.96) price objective on shares of Balfour Beatty in a research report on Monday, March 17th.
View Our Latest Stock Analysis on BBY
Balfour Beatty Stock Performance
The business's 50-day moving average price is GBX 495.14 and its 200-day moving average price is GBX 462.49. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market cap of £2.60 billion, a P/E ratio of 11.91, a P/E/G ratio of 3.75 and a beta of 0.81.
Balfour Beatty declared that its board has authorized a share repurchase plan on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
About Balfour Beatty
(
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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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