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

Key Points

• Balfour Beatty shares crossed above their 200-day moving average, reaching GBX 932.50 before last trading at GBX 920, compared with the 200-day average of GBX 845.01.
• Analysts remain bullish: Deutsche Bank, Berenberg, and Jefferies all rated the stock “Buy,” contributing to a consensus target price of GBX 1,051.67.
• 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 approximately GBX 43.31.

Shares of 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 845.01 and traded as high as GBX 932.50. Balfour Beatty shares last traded at GBX 920, with a volume of 1,647,056 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Berenberg Bank upped their price target on shares of Balfour Beatty from GBX 870 to GBX 1,070 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 985 price target on shares of Balfour Beatty in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 1,051.67.

Balfour Beatty Trading Down 0.2%

The firm has a market cap of £4.33 billion, a price-to-earnings ratio of 17.62, 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 current ratio of 0.98 and a quick ratio of 0.84. The firm's fifty day moving average is GBX 887.39 and its 200-day moving average is GBX 845.01.

Balfour Beatty (LON:BBY - Get Free Report) last announced its 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%. Equities analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty Company Profile

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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