Balfour Beatty (LON:BBY) Shares Pass Above 200-Day Moving Average – Should You Sell?

Balfour Beatty plc (LON:BBY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 748.95 and traded as high as GBX 803. Balfour Beatty shares last traded at GBX 796.50, with a volume of 1,621,334 shares.

Analysts Set New Price Targets

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

Balfour Beatty Trading Up 1.5%

The firm has a market cap of £3.83 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60. The stock has a fifty day simple moving average of GBX 802.67 and a 200 day simple moving average of GBX 748.95. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.84 and a current ratio of 1.02.

Balfour Beatty (LON:BBY) last posted its earnings results on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. 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 share buyback program on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Balfour Beatty

In related news, 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 value of £876,854.56. Also, insider Philip Hoare sold 121,214 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 value of £968,499.86. Insiders own 1.09% 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.

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.