Balfour Beatty (LON:BBY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 403.02 ($5.19) and traded as high as GBX 438.80 ($5.65). Balfour Beatty shares last traded at GBX 426 ($5.48), with a volume of 835,781 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 475 ($6.11) price objective on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Trading Up 0.7 %

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 capitalization of £2.18 billion, a price-to-earnings ratio of 1,014.29, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a fifty day simple moving average of GBX 432.98 and a 200 day simple moving average of GBX 403.02.

Insider Buying and Selling

In other Balfour Beatty news, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.77), for a total value of £1,420,478.08 ($1,827,921.86). In other Balfour Beatty news, insider Philip Harrison sold 240,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 432 ($5.56), for a total transaction of £1,036,800 ($1,334,191.22). Also, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of GBX 448 ($5.77), for a total transaction of £1,420,478.08 ($1,827,921.86). Over the last three months, insiders have sold 917,071 shares of company stock valued at $392,967,808. 1.15% of the stock is owned by company insiders.

Balfour Beatty Company Profile

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.