Balfour Beatty (LON:BBY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 444.57 ($5.74) and traded as high as GBX 460 ($5.94). Balfour Beatty shares last traded at GBX 452.60 ($5.85), with a volume of 1,193,398 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 510 ($6.59) target price on shares of Balfour Beatty in a report on Monday, March 17th.

Balfour Beatty Stock Up 0.5 %

The stock has a market capitalization of £2.31 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.85. The stock’s 50 day simple moving average is GBX 453.72 and its 200 day simple moving average is GBX 444.57.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.56) EPS for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. As a group, research analysts predict that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 8.70 ($0.11) per share. This is a boost from Balfour Beatty’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 1.92%. Balfour Beatty’s dividend payout ratio (DPR) is presently 28.02%.

Balfour Beatty declared that its board has approved a share buyback plan 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. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.