Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 814.84 and traded as high as GBX 891.50. Balfour Beatty shares last traded at GBX 876, with a volume of 40,288,000 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on BBY shares. Berenberg Bank increased their target price on Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a "buy" rating in a report on Thursday, August 13th. Jefferies Financial Group restated a "buy" rating and set a GBX 985 price target on shares of Balfour Beatty in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 1,051.67.
Check Out Our Latest Stock Analysis on Balfour Beatty
Balfour Beatty Price Performance
The company has a debt-to-equity ratio of 95.45, a quick ratio of 0.84 and a current ratio of 0.98. The business has a 50 day simple moving average of GBX 871.40 and a 200-day simple moving average of GBX 814.84. The firm has a market cap of £4.19 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 3.75 and a beta of 0.59.
Balfour Beatty (LON:BBY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported GBX 21.70 EPS for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. Equities research analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.
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.
Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.
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