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

Shares of Balfour Beatty plc (LON:BBY) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 405.35 ($5.08) and traded as high as GBX 441.60 ($5.54). Balfour Beatty shares last traded at GBX 436.40 ($5.47), with a volume of 481,773 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 475 ($5.95) target price on shares of Balfour Beatty in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Balfour Beatty from GBX 500 ($6.27) to GBX 575 ($7.21) and gave the company a “buy” rating in a report on Friday.

Balfour Beatty Trading Up 1.5 %

The company has a market capitalization of £2.24 billion, a P/E ratio of 1,045.71, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a fifty day moving average price of GBX 436.53 and a 200 day moving average price of GBX 406.20. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17.

Insider Activity

In related news, insider Leo Quinn sold 317,071 shares of Balfour Beatty stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.62), for a total value of £1,420,478.08 ($1,780,717.16). Also, insider Philip Harrison sold 240,000 shares of Balfour Beatty stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.42), for a total value of £1,036,800 ($1,299,736.74). Corporate insiders own 1.15% of the company’s stock.

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.