Balfour Beatty (LON:BBY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 427.55 ($5.20) and traded as high as GBX 438 ($5.33). Balfour Beatty shares last traded at GBX 433.85 ($5.28), with a volume of 857,937 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Balfour Beatty from GBX 500 ($6.08) to GBX 575 ($7.00) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17. The stock’s fifty day moving average is GBX 445.57 and its two-hundred day moving average is GBX 428.61. The firm has a market capitalization of £2.25 billion, a price-to-earnings ratio of 1,051.43, a P/E/G ratio of 3.75 and a beta of 0.81.

Insider Activity

In other news, insider Leo Quinn sold 317,071 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.45), for a total value of £1,420,478.08 ($1,728,285.78). Insiders own 1.15% of the company’s stock.

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.