Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average - What's Next?

Balfour Beatty plc (LON:BBY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 439.21 ($5.52) and traded as high as GBX 463.80 ($5.83). Balfour Beatty shares last traded at GBX 458 ($5.76), with a volume of 1,422,894 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Balfour Beatty from GBX 500 ($6.29) to GBX 575 ($7.23) and gave the company a "buy" rating in a research report on Friday, November 22nd.

Balfour Beatty Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.85. The stock has a market cap of £2.37 billion, a P/E ratio of 10.84, a PEG ratio of 3.75 and a beta of 0.81. The firm's fifty day moving average price is GBX 453.58 and its 200-day moving average price is GBX 440.24.

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.