Balfour Beatty (LON:BBY) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 682.11 and traded as high as GBX 749. Balfour Beatty shares last traded at GBX 726.57, with a volume of 1,118,248 shares trading hands.

Wall Street Analysts Forecast Growth

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

Balfour Beatty Stock Up 0.6%

The company has a debt-to-equity ratio of 104.84, a quick ratio of 0.84 and a current ratio of 0.97. The stock’s fifty day simple moving average is GBX 734.07 and its two-hundred day simple moving average is GBX 682.11. The stock has a market capitalization of £3.55 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 3.75 and a beta of 0.64.

Balfour Beatty Company Profile

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.