Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Balfour Beatty from GBX 500 ($6.12) to GBX 575 ($7.04) and gave the stock a "buy" rating in a report on Friday, November 22nd.
Read Our Latest Research Report on Balfour Beatty
Balfour Beatty Stock Performance
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 has a market cap of £2.24 billion, a PE ratio of 1,047.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business has a 50 day moving average price of GBX 445.41 and a two-hundred day moving average price of GBX 428.01.
Insider Activity at Balfour Beatty
In related news, 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 ($5.48), for a total transaction of £1,420,478.08 ($1,738,013.07). 1.15% of the stock is currently owned by company insiders.
About Balfour Beatty
(
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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.
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