Balfour Beatty (LON:BBY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 673.87 and traded as high as GBX 780. Balfour Beatty shares last traded at GBX 769, with a volume of 400,519 shares traded.

Analyst Ratings Changes

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

Balfour Beatty Stock Down 0.2%

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 simple moving average is GBX 729.63 and its two-hundred day simple moving average is GBX 673.87. The company has a market capitalization of £3.73 billion, a price-to-earnings ratio of 21.75, a P/E/G 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.