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

Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 405.35 ($5.13) and traded as high as GBX 441.60 ($5.59). Balfour Beatty shares last traded at GBX 436.40 ($5.52), with a volume of 481,773 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 475 ($6.01) price objective on shares of Balfour Beatty in a report on Thursday, August 15th.

Balfour Beatty Stock Up 0.7 %

The firm has a market cap of £2.22 billion, a P/E ratio of 1,039.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company’s 50-day simple moving average is GBX 435.59 and its 200 day simple moving average is GBX 405.35. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Insider Buying and Selling

In other news, insider Robert MacLeod bought 17,674 shares of the stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of GBX 422 ($5.34) per share, for a total transaction of £74,584.28 ($94,374.64). Also, insider Leo Quinn sold 317,071 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.67), for a total transaction of £1,420,478.08 ($1,797,390.97). 1.15% of the stock is currently owned by company insiders.

About Balfour Beatty

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.