Balfour Beatty (LON:BBY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 788.46 and traded as high as GBX 878. Balfour Beatty shares last traded at GBX 863.50, with a volume of 526,184 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 985 price target on shares of Balfour Beatty in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 856.67.

Balfour Beatty Price Performance

The firm’s 50-day moving average price is GBX 836.67 and its two-hundred day moving average price is GBX 788.46. The stock has a market cap of £4.09 billion, a PE ratio of 16.61, a PEG ratio of 3.75 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last released its quarterly earnings data on Thursday, June 18th. The company reported GBX 14.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 452.20 billion for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, equities analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

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.