Balfour Beatty (LON:BBY) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Balfour Beatty plc (LON:BBY - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 730.46 and traded as high as GBX 828.50. Balfour Beatty shares last traded at GBX 828.43, with a volume of 1,418,399 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a "buy" rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 792.50.

Balfour Beatty Trading Up 1.3%

The firm has a market capitalization of £4.05 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The stock's 50-day moving average price is GBX 776.85 and its 200 day moving average price is GBX 730.46. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84.

Balfour Beatty (LON:BBY - Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. On average, sell-side analysts expect that Balfour Beatty plc will post 43.3100698 EPS for the current fiscal year.

Balfour Beatty declared that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Balfour Beatty

In other Balfour Beatty news, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £876,854.56. 1.09% 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. Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.

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