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

Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Balfour Beatty from GBX 500 ($6.24) to GBX 575 ($7.18) and gave the stock a “buy” rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Down 2.4 %

The company has a 50-day simple moving average of GBX 446.55 and a 200-day simple moving average of GBX 431.02. The firm has a market cap of £2.25 billion, a PE ratio of 1,051.43, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84.

Insider Buying and Selling at Balfour Beatty

In other Balfour Beatty news, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.59), for a total transaction of £1,420,478.08 ($1,773,602.30). Company insiders own 1.15% of the company’s stock.

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.