Balfour Beatty (LON:BBY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 744.33 and traded as high as GBX 803.50. Balfour Beatty shares last traded at GBX 795.50, with a volume of 53,588,766 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 792.50.

Balfour Beatty Trading Down 0.1%

The stock has a market capitalization of £3.82 billion, a P/E ratio of 15.29, a PEG ratio of 3.75 and a beta of 0.60. The company has a debt-to-equity ratio of 89.50, a current ratio of 1.02 and a quick ratio of 0.84. The business’s 50 day simple moving average is GBX 799.73 and its 200-day simple moving average is GBX 744.68.

Balfour Beatty (LON:BBY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 47.60 earnings per share (EPS) for the quarter. Balfour Beatty had a net margin of 2.77% and a return on equity of 23.73%. As a group, analysts forecast that Balfour Beatty plc will post 43.3100698 EPS for the current year.

Balfour Beatty declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Philip Harrison sold 109,744 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 transaction of £876,854.56. Also, insider Philip Hoare sold 121,214 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total transaction of £968,499.86. 1.09% of the stock is currently owned by company 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.