Balfour Beatty (LON:BBY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 416.90 ($5.24) and traded as high as GBX 446.40 ($5.61). Balfour Beatty shares last traded at GBX 445.96 ($5.60), with a volume of 1,821,003 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Balfour Beatty from GBX 500 ($6.28) to GBX 575 ($7.23) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Down 0.5 %

The business has a 50-day moving average of GBX 445.03 and a 200 day moving average of GBX 416.90. The company has a market capitalization of £2.27 billion, a PE ratio of 1,061.82, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Insiders Place Their Bets

In other news, insider Philip Harrison sold 240,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.43), for a total transaction of £1,036,800 ($1,303,003.64). Also, insider Leo Quinn sold 317,071 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.63), for a total transaction of £1,420,478.08 ($1,785,193.01). Corporate insiders own 1.15% of the company’s stock.

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.