Balfour Beatty (LON:BBY) Stock Crosses 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 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 traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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 Price Performance

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

Insider Buying and Selling at Balfour Beatty

In other Balfour Beatty 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 ($5.45), 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.