Balfour Beatty (LON:BBY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 413.32 ($5.22) and traded as high as GBX 463.40 ($5.85). Balfour Beatty shares last traded at GBX 454.20 ($5.73), with a volume of 606,634 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Balfour Beatty from GBX 500 ($6.31) to GBX 575 ($7.26) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Balfour Beatty Stock Performance

The stock has a market cap of £2.33 billion, a P/E ratio of 1,088.10, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.17, a current ratio of 0.99 and a quick ratio of 0.84. The stock’s 50 day simple moving average is GBX 443.40 and its two-hundred day simple moving average is GBX 414.18.

Insider Buying and Selling

In other Balfour Beatty news, insider Robert MacLeod bought 17,674 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 422 ($5.33) per share, with a total value of £74,584.28 ($94,136.41). Also, insider Leo Quinn sold 317,071 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.65), for a total transaction of £1,420,478.08 ($1,792,853.82). Company insiders own 1.15% of the company’s stock.

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.