Balfour Beatty (LON:BBY) Stock Passes Above 200 Day Moving Average – Here’s Why

Balfour Beatty plc (LON:BBY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 430.52 ($5.38) and traded as high as GBX 453.40 ($5.66). Balfour Beatty shares last traded at GBX 452.60 ($5.65), with a volume of 1,030,775 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Balfour Beatty from GBX 500 ($6.24) to GBX 575 ($7.18) and gave the stock a “buy” rating in a 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 business has a 50-day moving average price of GBX 446.55 and a 200-day moving average price of GBX 431.02. 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 at Balfour Beatty

In related news, insider Leo Quinn sold 317,071 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.59), for a total value of £1,420,478.08 ($1,773,602.30). 1.15% of the stock is owned by insiders.

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.