Balfour Beatty (LON:BBY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 615.88 and traded as high as GBX 716.50. Balfour Beatty shares last traded at GBX 715, with a volume of 343,881 shares changing hands.

Wall Street Analysts Forecast Growth

BBY has been the subject of a number of recent analyst reports. Berenberg Bank upped their price target on Balfour Beatty from GBX 660 to GBX 710 and gave the company a “buy” rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the company a “buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 712.50.

Balfour Beatty Price Performance

The company has a 50-day moving average of GBX 688.38 and a 200-day moving average of GBX 615.88. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99. The firm has a market capitalization of £3.48 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

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.