Balfour Beatty (LON:BBY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 427.55 ($5.20) and traded as high as GBX 438 ($5.33). Balfour Beatty shares last traded at GBX 433.85 ($5.28), with a volume of 857,937 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Balfour Beatty from GBX 500 ($6.08) to GBX 575 ($7.00) and gave the stock a “buy” rating in a report on Friday, November 22nd.

Balfour Beatty Trading Up 0.4 %

The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The firm has a market cap of £2.25 billion, a P/E ratio of 1,051.43, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81. The business’s fifty day moving average is GBX 445.57 and its 200-day moving average is GBX 428.61.

Insider Activity

In other news, insider Leo Quinn sold 317,071 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 448 ($5.45), for a total value of £1,420,478.08 ($1,728,285.78). Insiders own 1.15% of the company’s stock.

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.