Balfour Beatty (LON:BBY) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Balfour Beatty plc (LON:BBY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 456.39 ($6.19) and traded as high as GBX 512 ($6.95). Balfour Beatty shares last traded at GBX 509 ($6.91), with a volume of 597,617 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 510 ($6.92) target price on shares of Balfour Beatty in a report on Monday, March 17th.

Balfour Beatty Price Performance

The business has a fifty day moving average price of GBX 468.12 and a 200 day moving average price of GBX 456.39. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84. The company has a market capitalization of £2.54 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 3.75 and a beta of 0.81.

Balfour Beatty (LON:BBY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported GBX 43.60 ($0.59) earnings per share for the quarter. Balfour Beatty had a return on equity of 19.46% and a net margin of 2.85%. On average, research analysts expect that Balfour Beatty plc will post 43.3100698 earnings per share for the current fiscal year.

Balfour Beatty announced that its board has approved a stock repurchase plan on Wednesday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Philip Harrison sold 155,560 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.89), for a total transaction of £675,130.40 ($916,052.10). 1.15% 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.