Balfour Beatty (LON:BBY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 405.35 ($5.08) and traded as high as GBX 441.60 ($5.54). Balfour Beatty shares last traded at GBX 436.40 ($5.47), with a volume of 481,773 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on BBY. Berenberg Bank reissued a “buy” rating and issued a GBX 475 ($5.95) target price on shares of Balfour Beatty in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Balfour Beatty from GBX 500 ($6.27) to GBX 575 ($7.21) and gave the company a “buy” rating in a research note on Friday.

Balfour Beatty Price Performance

The company has a 50 day moving average price of GBX 436.53 and a 200 day moving average price of GBX 406.20. The company has a market capitalization of £2.24 billion, a price-to-earnings ratio of 1,045.71, a PEG ratio of 3.75 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.84 and a debt-to-equity ratio of 79.17.

Insider Transactions at Balfour Beatty

In other Balfour Beatty news, insider Philip Harrison sold 240,000 shares of Balfour Beatty stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.42), for a total transaction of £1,036,800 ($1,299,736.74). Also, 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 ($5.62), for a total value of £1,420,478.08 ($1,780,717.16). 1.15% of the stock is owned by corporate 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.