Balfour Beatty (LON:BBY) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Balfour Beatty shares moved above their 200-day moving average, reaching GBX 942.50 before closing at GBX 927, compared with a 200-day average of GBX 836.55.
• Analysts remain bullish: all three analysts covering the stock rate it “Buy,” with an average price target of GBX 1,051.67 and targets ranging up to GBX 1,100.
• The company reported quarterly EPS of GBX 21.70, a 22.88% return on equity and a 2.60% net margin; analysts expect full-year EPS of about 43.31 pence.

Balfour Beatty plc (LON:BBY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 836.55 and traded as high as GBX 942.50. Balfour Beatty shares last traded at GBX 927, with a volume of 1,038,624 shares traded.

Wall Street Analysts Forecast Growth

BBY has been the subject of several research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 985 target price on shares of Balfour Beatty in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Balfour Beatty from GBX 990 to GBX 1,100 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank raised 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 1,051.67.

Balfour Beatty Price Performance

The business has a 50-day moving average price of GBX 880.18 and a 200 day moving average price of GBX 836.55. The company has a market cap of £4.36 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 3.75 and a beta of 0.59. 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 issued its earnings results on Wednesday, August 12th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 22.88% and a net margin of 2.60%. As a group, research analysts expect 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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