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

Balfour Beatty plc (LON:BBY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 427.55 ($5.23) and traded as high as GBX 438 ($5.36). Balfour Beatty shares last traded at GBX 433.85 ($5.31), with a volume of 857,937 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Balfour Beatty from GBX 500 ($6.12) to GBX 575 ($7.04) and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Balfour Beatty Price Performance

The company’s 50-day simple moving average is GBX 445.49 and its 200 day simple moving average is GBX 427.55. The company has a market capitalization of £2.22 billion, a P/E ratio of 1,037.62, a P/E/G ratio of 3.75 and a beta of 0.81. The company has a quick ratio of 0.84, a current ratio of 0.99 and a debt-to-equity ratio of 79.17.

Insiders Place Their Bets

In related 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 ($5.48), for a total value of £1,420,478.08 ($1,738,651.26). 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.