Balfour Beatty (LON:BBY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 724.17 and traded as high as GBX 823. Balfour Beatty shares last traded at GBX 805.50, with a volume of 1,350,476 shares traded.

Wall Street Analyst Weigh In

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

Balfour Beatty Stock Performance

The business has a 50 day moving average of GBX 773.36 and a 200 day moving average of GBX 724.17. The company has a market capitalization of £3.89 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last announced its quarterly 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, sell-side analysts predict that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty announced that its board has initiated a stock repurchase plan on Wednesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Balfour Beatty

In related news, insider Philip Hoare sold 121,214 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total transaction of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £876,854.56. 1.09% of the stock is 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.