Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Balfour Beatty shares rose above their 200-day moving average, reaching GBX 889 and last trading at GBX 884.50, up 0.5% with substantial volume.
• Analysts remain bullish: all three covering firms rate the stock “Buy,” with an average price target of GBX 1,051.67—well above the current price.
• The company reported quarterly EPS of GBX 21.70, with a 22.88% return on equity and a 2.60% net margin; analysts expect full-year EPS of about GBX 43.31.

Balfour Beatty plc (LON:BBY - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 820.50 and traded as high as GBX 889. Balfour Beatty shares last traded at GBX 884.50, with a volume of 113,246,188 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BBY. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 985 target price on shares of Balfour Beatty in a research report on Thursday, August 13th. Berenberg Bank boosted their price target on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a "buy" rating in a research report 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 company a "buy" rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 1,051.67.

Balfour Beatty Trading Up 0.5%

The company has a market capitalization of £4.23 billion, a PE ratio of 17.01, a PEG ratio of 3.75 and a beta of 0.59. The company has a fifty day simple moving average of GBX 874.81 and a 200-day simple moving average of GBX 820.50. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 95.45.

Balfour Beatty (LON:BBY - Get Free Report) last posted its quarterly earnings results 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%. Analysts predict that Balfour Beatty plc will post 43.3100698 EPS 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. 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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