Balfour Beatty (LON:BBY) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 441.48 ($5.70) and traded as high as GBX 459.60 ($5.94). Balfour Beatty shares last traded at GBX 438 ($5.66), with a volume of 3,469,057 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Balfour Beatty from GBX 500 ($6.46) to GBX 575 ($7.43) and gave the company a "buy" rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Down 1.7 %

The company has a market capitalization of £2.24 billion, a PE ratio of 10.26, a PEG ratio of 3.75 and a beta of 0.81. The company's 50 day moving average is GBX 453.31 and its two-hundred day moving average is GBX 441.71. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85.

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.