Balfour Beatty (LON:BBY) Stock Passes Above 200 Day Moving Average - Here's Why

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 436.48 ($5.53) and traded as high as GBX 471.40 ($5.97). Balfour Beatty shares last traded at GBX 468 ($5.93), with a volume of 1,212,299 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 500 ($6.34) to GBX 575 ($7.29) and gave the company a "buy" rating in a research note on Friday, November 22nd.

Balfour Beatty Trading Down 0.3 %

The firm has a market cap of £2.35 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 452.02 and a 200 day simple moving average of GBX 437.84. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

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.