Balfour Beatty (LON:BBY) Shares Cross Above 200-Day Moving Average - Time to Sell?

Balfour Beatty plc (LON:BBY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 458.49 ($6.21) and traded as high as GBX 498.20 ($6.75). Balfour Beatty shares last traded at GBX 494.80 ($6.70), with a volume of 1,280,164 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 510 ($6.90) target price on shares of Balfour Beatty in a research report on Monday, March 17th.

Balfour Beatty Stock Performance

The company has a market cap of £2.55 billion, a PE ratio of 11.65, a PEG ratio of 3.75 and a beta of 0.81. The stock has a 50 day simple moving average of GBX 480.94 and a two-hundred day simple moving average of GBX 458.90. The company has a debt-to-equity ratio of 79.85, a current ratio of 0.99 and a quick ratio of 0.84.

Balfour Beatty announced that its Board of Directors has authorized a share buyback program on Wednesday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Balfour Beatty news, insider Philip Harrison sold 155,560 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of GBX 434 ($5.88), for a total transaction of £675,130.40 ($914,067.70). 1.15% of the stock is currently owned by insiders.

About Balfour Beatty

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.