Balfour Beatty (LON:BBY) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Balfour Beatty's stock price recently crossed above its 200-day moving average, indicating potential bullish momentum, as it last traded at GBX 567 ($7.65).
• Deutsche Bank raised its target price for Balfour Beatty from GBX 575 to GBX 650 and maintained a "buy" rating, reflecting positive analyst sentiment.
• The company's latest earnings report showed an earnings per share of GBX 14.40, with a projected EPS of 43.31 for the current year, indicating robust profitability metrics.

Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 483.12 ($6.50) and traded as high as GBX 573.50 ($7.72). Balfour Beatty shares last traded at GBX 567 ($7.63), with a volume of 1,205,956 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BBY shares. Berenberg Bank increased their price objective on Balfour Beatty from GBX 510 to GBX 660 and gave the company a "buy" rating in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 655.

Balfour Beatty Price Performance

The stock has a market cap of £3.01 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 533.94 and a 200-day simple moving average of GBX 486.74. 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 announced its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, equities research analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty Company Profile

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.