Balfour Beatty (LON:BBY) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Balfour Beatty plc (LON:BBY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

BBY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Balfour Beatty from GBX 500 ($6.31) to GBX 575 ($7.26) and gave the stock a "buy" rating in a report on Friday, November 22nd. Berenberg Bank reiterated a "buy" rating and issued a GBX 475 ($6.00) price objective on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Stock Up 0.6 %

The business's fifty day simple moving average is GBX 442.84 and its 200 day simple moving average is GBX 413.89. The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 1,080.00, a price-to-earnings-growth 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 Activity at Balfour Beatty

In other Balfour Beatty news, insider Philip Harrison sold 240,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 432 ($5.45), for a total value of £1,036,800 ($1,308,595.23). Also, insider Leo Quinn sold 317,071 shares of the firm'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 value of £1,420,478.08 ($1,792,853.82). 1.15% of the stock is currently owned by corporate insiders.

About Balfour Beatty

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.