Balfour Beatty (LON:BBY) Stock Passes Above 200-Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 432.68 ($5.36) and traded as high as GBX 467.80 ($5.80). Balfour Beatty shares last traded at GBX 465.20 ($5.77), with a volume of 880,539 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Balfour Beatty from GBX 500 ($6.20) to GBX 575 ($7.13) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Up 1.1 %

The stock has a market cap of £2.37 billion, a PE ratio of 1,107.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The firm has a fifty day moving average of GBX 447.84 and a 200 day moving average of GBX 432.68. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17.

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.