Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 424.58 ($5.30) and traded as high as GBX 461 ($5.75). Balfour Beatty shares last traded at GBX 453.70 ($5.66), with a volume of 1,317,132 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Balfour Beatty from GBX 500 ($6.24) to GBX 575 ($7.17) and gave the company a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Trading Down 0.9 %

The firm has a market cap of £2.27 billion, a price-to-earnings ratio of 1,062.38, 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 quick ratio of 0.84 and a current ratio of 0.99. The company has a 50 day moving average price of GBX 446.59 and a 200 day moving average price of GBX 425.26.

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 value of £1,420,478.08 ($1,772,053.49). 1.15% 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.