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

Shares of Balfour Beatty plc (LON:BBY) crossed 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.

Wall Street Analysts Forecast Growth

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

Balfour Beatty Price Performance

The company has a market cap of £2.37 billion, a P/E ratio of 1,107.62, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The company has a fifty day simple moving average of GBX 448.34 and a 200-day simple moving average of GBX 432.90.

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.