Balfour Beatty (LON:BBY) Shares Pass Above 200-Day Moving Average – Here’s Why

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

Analyst Ratings Changes

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

Balfour Beatty Stock Performance

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 stock has a market cap of £2.20 billion, a P/E ratio of 1,026.64, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The firm’s 50 day moving average is GBX 446.38 and its 200 day moving average is GBX 425.76.

Insider Transactions at Balfour Beatty

In related news, insider Leo Quinn sold 317,071 shares of Balfour Beatty stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.51), for a total transaction of £1,420,478.08 ($1,747,850.47). 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.