Balfour Beatty (LON:BBY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Balfour Beatty plc (LON:BBY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 730.46 and traded as high as GBX 828.50. Balfour Beatty shares last traded at GBX 828.43, with a volume of 1,418,399 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price objective on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price of GBX 792.50.

Balfour Beatty Stock Up 1.3%

The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The business’s fifty day simple moving average is GBX 776.85 and its two-hundred day simple moving average is GBX 730.46. The company has a market cap of £4.05 billion, a PE ratio of 16.14, a PEG ratio of 3.75 and a beta of 0.59.

Balfour Beatty (LON:BBY) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 earnings per share for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its board has authorized a share repurchase plan on Wednesday, March 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Balfour Beatty news, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £876,854.56. 1.09% of the stock is currently owned by insiders.

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.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.