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

Balfour Beatty plc (LON:BBY) shares passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Balfour Beatty Stock Performance

The company has a market cap of £2.22 billion, a PE ratio of 1,037.62, a PEG ratio of 3.75 and a beta of 0.81. The stock has a 50 day simple moving average of GBX 445.49 and a two-hundred day simple moving average of GBX 427.55. 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 Activity

In related news, insider Leo Quinn sold 317,071 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.48), for a total transaction of £1,420,478.08 ($1,738,651.26). Corporate 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.