Balfour Beatty (LON:BBY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

Balfour Beatty Stock Performance

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

Insiders Place Their Bets

In related news, insider Leo Quinn sold 317,071 shares of the stock in a transaction dated 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). 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.