Balfour Beatty (LON:BBY) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Balfour Beatty's share price has recently crossed above its 200-day moving average, with the stock trading at GBX 587 ($7.93) and reaching a high of GBX 594 ($8.02).
• Wall Street analysts have increased their target prices for Balfour Beatty, with recommendations from Berenberg Bank and Deutsche Bank setting new target prices at GBX 660 and GBX 650, respectively.
• The company has a market capitalization of £2.99 billion and reported a quarterly earnings per share (EPS) of GBX 14.40, along with anticipated EPS of 43.31 for the current year.

Balfour Beatty plc (LON:BBY - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 488.91 ($6.60) and traded as high as GBX 594 ($8.02). Balfour Beatty shares last traded at GBX 587 ($7.93), with a volume of 1,300,148 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Berenberg Bank upped their price target on Balfour Beatty from GBX 510 to GBX 660 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on Balfour Beatty from GBX 575 to GBX 650 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 655.

Balfour Beatty Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The company's 50-day moving average is GBX 541.12 and its two-hundred day moving average is GBX 490.11. The company has a market capitalization of £2.94 billion, a P/E ratio of 1,761.13, a PEG ratio of 3.75 and a beta of 0.81.

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 anticipate that Balfour Beatty plc will post 43.3100698 earnings per share 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.