Balfour Beatty plc (LON:BBY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $252.21 and traded as high as $253.80. Balfour Beatty shares last traded at $243.60, with a volume of 511,323 shares.
Several equities analysts have weighed in on the stock. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research report on Monday, June 1st. Jefferies Financial Group cut shares of Balfour Beatty to a “hold” rating in a report on Monday, June 29th. Peel Hunt restated a “buy” rating on shares of Balfour Beatty in a report on Monday, June 1st. UBS Group restated a “buy” rating on shares of Balfour Beatty in a report on Tuesday, June 2nd. Finally, Berenberg Bank boosted their price target on shares of Balfour Beatty to GBX 320 ($3.94) and gave the company a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 313.75 ($3.86).
The stock’s 50-day simple moving average is GBX 261.22 and its two-hundred day simple moving average is GBX 252.21. The company has a debt-to-equity ratio of 60.28, a quick ratio of 0.87 and a current ratio of 0.93. The stock has a market cap of $1.66 billion and a price-to-earnings ratio of 12.80.
In other news, insider Leo Quinn sold 172,973 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of GBX 263 ($3.24), for a total transaction of £454,918.99 ($559,831.39).
Balfour Beatty Company Profile (LON:BBY)
Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.
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