Balfour Beatty (LON:BBY) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 436.48 ($5.49) and traded as high as GBX 471.40 ($5.93). Balfour Beatty shares last traded at GBX 468 ($5.89), with a volume of 1,212,299 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Balfour Beatty from GBX 500 ($6.29) to GBX 575 ($7.24) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Trading Down 0.9 %

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 firm has a market cap of £2.36 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a 50 day moving average price of GBX 451.88 and a 200 day moving average price of GBX 437.14.

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.