Balfour Beatty plc (LON:BBY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 444.57 ($5.76) and traded as high as GBX 460 ($5.96). Balfour Beatty shares last traded at GBX 452.60 ($5.86), with a volume of 1,193,398 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank restated a "buy" rating and set a GBX 510 ($6.60) target price on shares of Balfour Beatty in a research note on Monday, March 17th.
View Our Latest Research Report on BBY
Balfour Beatty Trading Down 1.6 %
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 company's 50-day moving average price is GBX 455.19 and its 200-day moving average price is GBX 445.53. The firm has a market capitalization of £2.31 billion, a PE ratio of 10.59, a PEG ratio of 3.75 and a beta of 0.81.
Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) earnings per share (EPS) for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, sell-side analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.
Balfour Beatty Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 15th will be issued a GBX 8.70 ($0.11) dividend. This represents a yield of 1.92%. This is an increase from Balfour Beatty's previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, May 15th. Balfour Beatty's dividend payout ratio is 28.02%.
Balfour Beatty announced that its board has authorized a share repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.
Balfour Beatty Company Profile
(
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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.
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