Balfour Beatty plc : Trading opportunity
Entry price | Target | Stop-loss | Potential |
---|
GBX 290 |
GBX 0 |
GBX 280 |
-100% |
---|
Balfour Beatty operates as an international engineering and construction group. The Group provides civil and specialist engineering, design and management services for businesses in the transport and energy sectors. Balfour Beatty also invests in a number of privately funded infrastructure projects and developments in the United Kingdom and overseas.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.18x for the current year, and the share is trading 10 times its earnings estimates.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, the share has declined towards GBp 282.3 support and moving averages. Therefore, a technical rebound will fix an objective near the GBp 311 short-term resistance.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Balfour Beatty. The goals will be set at GBp 311 and by extension GBp 311. The stop loss will be triggered below the GBp 282.3 support.
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