Balfour Beatty (LON:BBY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Balfour Beatty plc (LON:BBY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 424.58 ($5.22) and traded as high as GBX 461 ($5.67). Balfour Beatty shares last traded at GBX 453.70 ($5.58), with a volume of 1,317,132 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Balfour Beatty from GBX 500 ($6.15) to GBX 575 ($7.08) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Stock Down 0.6 %

The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The business has a 50 day simple moving average of GBX 446.38 and a 200-day simple moving average of GBX 425.76. The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 1,026.64, a P/E/G ratio of 3.75 and a beta of 0.81.

Insider Buying and Selling at Balfour Beatty

In other news, insider Leo Quinn sold 317,071 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.51), for a total value of £1,420,478.08 ($1,747,850.47). 1.15% of the stock is currently owned by company 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.