Balfour Beatty (LON:BBY) Share Price Passes Above Two Hundred 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 Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Balfour Beatty Stock Up 1.1 %

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

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.