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

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 744.33 and traded as high as GBX 803.50. Balfour Beatty shares last traded at GBX 795.50, with a volume of 53,588,766 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 792.50.

Balfour Beatty Trading Down 0.4%

The firm has a market capitalization of £3.81 billion, a PE ratio of 15.24, a PEG ratio of 3.75 and a beta of 0.60. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50. The business has a fifty day moving average price of GBX 799.12 and a two-hundred day moving average price of GBX 744.33.

Balfour Beatty (LON:BBY) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 47.60 earnings per share for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. Analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Philip Hoare sold 121,214 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. 1.09% of the stock is currently owned by corporate 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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.