Balfour Beatty (LON:BBY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 430.52 ($5.32) and traded as high as GBX 453.40 ($5.60). Balfour Beatty shares last traded at GBX 452.60 ($5.59), with a volume of 1,030,775 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Balfour Beatty from GBX 500 ($6.18) to GBX 575 ($7.10) and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.17. The stock has a fifty day moving average price of GBX 446.23 and a 200-day moving average price of GBX 430.52. The firm has a market capitalization of £2.31 billion, a price-to-earnings ratio of 1,077.62, a PEG ratio of 3.75 and a beta of 0.81.

Insider Transactions at Balfour Beatty

In related news, insider Leo Quinn sold 317,071 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.53), for a total transaction of £1,420,478.08 ($1,754,543.08). 1.15% of the stock is currently owned by insiders.

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.