Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average of $244.54

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 $244.54 and traded as high as $239.80. Balfour Beatty shares last traded at $239.20, with a volume of 2,718,712 shares traded.

A number of brokerages recently commented on BBY. UBS Group reiterated a “buy” rating on shares of Balfour Beatty in a research note on Friday, August 16th. Liberum Capital reiterated a “buy” rating and set a GBX 350 ($4.57) target price on shares of Balfour Beatty in a research note on Friday, September 6th. Numis Securities reiterated a “buy” rating and set a GBX 350 ($4.57) target price on shares of Balfour Beatty in a research note on Friday, May 31st. Peel Hunt reiterated a “buy” rating on shares of Balfour Beatty in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group initiated coverage on shares of Balfour Beatty in a research note on Monday, July 29th. They set a “hold” rating and a GBX 245 ($3.20) target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Balfour Beatty has a consensus rating of “Buy” and a consensus price target of GBX 331 ($4.33).

The stock has a market capitalization of $1.65 billion and a PE ratio of 14.86. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 72.73. The business’s 50-day moving average is GBX 213.20 and its two-hundred day moving average is GBX 244.54.



The business also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 24th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 0.94%. Balfour Beatty’s dividend payout ratio (DPR) is presently 0.31%.

About Balfour Beatty (LON:BBY)

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.

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