Balfour Beatty (LON:BBY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 650.77 and traded as high as GBX 731. Balfour Beatty shares last traded at GBX 731, with a volume of 3,813,702 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Balfour Beatty from GBX 650 to GBX 715 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty has a consensus rating of “Buy” and an average target price of GBX 712.50.

Balfour Beatty Stock Up 2.4%

The company has a market cap of £3.56 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. 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 stock’s fifty day moving average is GBX 713.72 and its two-hundred day moving average is GBX 650.77.

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.