Balfour Beatty (LON:BBY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Balfour Beatty plc (LON:BBY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 596.38 and traded as high as GBX 715. Balfour Beatty shares last traded at GBX 708.50, with a volume of 36,695,988 shares traded.

Analysts Set New Price Targets

Several research firms have commented on BBY. Deutsche Bank Aktiengesellschaft increased their target price on Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a research report on Thursday, December 4th. Berenberg Bank upped their price objective on Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 712.50.

Balfour Beatty Price Performance

The stock has a market cap of £3.45 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a 50-day simple moving average of GBX 674 and a 200 day simple moving average of GBX 596.38. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85.

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.