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

Key Points

• Balfour Beatty's stock has recently surpassed its 200-day moving average of GBX 529.03, trading as high as GBX 668 ($8.90).
• Equities analysts have shown increased confidence in Balfour Beatty, with Deutsche Bank and Berenberg Bank raising their price targets to GBX 650 and GBX 710 respectively, both maintaining a "buy" rating.
• The company reported a quarterly EPS of GBX 14.40 and has an average analyst price target of GBX 680, highlighting a potential growth outlook for the upcoming year.

Balfour Beatty plc (LON:BBY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 529.03 ($7.05) and traded as high as GBX 668 ($8.90). Balfour Beatty shares last traded at GBX 668 ($8.90), with a volume of 966,861 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BBY shares. Deutsche Bank Aktiengesellschaft lifted 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. Berenberg Bank lifted their price target on Balfour Beatty from GBX 660 to GBX 710 and gave the company a "buy" rating in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 680.

Balfour Beatty Stock Down 0.4%

The company has a market cap of £3.26 billion, a P/E ratio of 1,885.27, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a 50 day moving average of GBX 609.57 and a 200-day moving average of GBX 529.03. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, equities analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current 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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