Balfour Beatty (LON:BBY) Shares Cross Above 200-Day Moving Average – What’s Next?

Balfour Beatty plc (LON:BBY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.79 and traded as high as GBX 855.50. Balfour Beatty shares last traded at GBX 836.50, with a volume of 1,903,363 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on shares of Balfour Beatty from GBX 800 to GBX 870 and gave the stock 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 data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 792.50.

Balfour Beatty Price Performance

The firm has a market capitalization of £4.02 billion, a PE ratio of 16.09, a PEG ratio of 3.75 and a beta of 0.60. The business’s 50 day simple moving average is GBX 788.21 and its 200 day simple moving average is GBX 738.79. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 89.50.

Balfour Beatty (LON:BBY) last issued its quarterly earnings data 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, equities research analysts forecast that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.

Balfour Beatty declared that its board has approved a share repurchase program on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Balfour Beatty

In related news, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The shares were 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 Balfour Beatty stock in a transaction dated 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.

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.

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.