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

Key Points

• Balfour Beatty shares rose above their 200-day moving average, reaching GBX 881.50 before last trading at GBX 870, though the stock was down 0.6% during the session.
• Analysts remain bullish: Jefferies, Deutsche Bank and Berenberg maintained or issued Buy ratings, with a consensus 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 approximately 43.31 EPS for the full fiscal year.

Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 825.62 and traded as high as GBX 881.50. Balfour Beatty shares last traded at GBX 870, with a volume of 761,204 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BBY shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 985 target price on shares of Balfour Beatty in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, Berenberg Bank boosted their price objective on shares of 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, Balfour Beatty presently has a consensus rating of "Buy" and an average price target of GBX 1,051.67.

Balfour Beatty Trading Down 0.6%

The firm has a market capitalization of £4.09 billion, a PE ratio of 16.67, 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 company has a fifty day moving average of GBX 874.64 and a 200-day moving average of GBX 825.62.

Balfour Beatty (LON:BBY - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal 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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