Balfour Beatty (LON:BBY) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Balfour Beatty shares crossed above their 200-day moving average, reaching GBX 852.50 before last trading at GBX 847.50, compared with a 200-day average of GBX 829.19.
• Analysts remain bullish: Jefferies, Deutsche Bank and Berenberg each maintained or issued a “Buy” rating, while the consensus price target rose to GBX 1,051.67.
• The company reported quarterly earnings of GBX 21.70 per share, with a 2.60% net margin and 22.88% return on equity; analysts expect full-year earnings of approximately GBX 43.31 per share.

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 829.19 and traded as high as GBX 852.50. Balfour Beatty shares last traded at GBX 847.50, with a volume of 54,841,168 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on BBY. Jefferies Financial Group reissued a "buy" rating and issued a GBX 985 price target on shares of Balfour Beatty in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Finally, Berenberg Bank upped their target price on Balfour Beatty from GBX 870 to GBX 1,070 and gave the company a "buy" rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 1,051.67.

Balfour Beatty Stock Performance

The company has a market capitalization of £3.99 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. 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 company's fifty day simple moving average is GBX 872.18 and its two-hundred day simple moving average is GBX 829.19.

Balfour Beatty (LON:BBY - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share for the quarter. Balfour Beatty had a net margin of 2.60% and a return on equity of 22.88%. Equities research analysts predict 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. 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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