Balfour Beatty (LON:BBY) Share Price Passes Above Two Hundred Day Moving Average of $378.39

Balfour Beatty plc (LON:BBY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 378.39 ($4.98) and traded as high as GBX 415.20 ($5.46). Balfour Beatty shares last traded at GBX 413 ($5.43), with a volume of 500,617 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 475 ($6.25) price objective on shares of Balfour Beatty in a research report on Thursday, August 15th.

Balfour Beatty Stock Performance

The company’s 50-day moving average price is GBX 406.20 and its two-hundred day moving average price is GBX 378.95. The company has a debt-to-equity ratio of 79.17, a quick ratio of 0.84 and a current ratio of 0.99. The stock has a market cap of £2.09 billion, a PE ratio of 973.33, a PEG ratio of 3.75 and a beta of 0.81.

Balfour Beatty Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, October 31st will be given a GBX 3.80 ($0.05) dividend. This represents a yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 31st. Balfour Beatty’s payout ratio is presently 2,857.14%.

Insider Buying and Selling

In other Balfour Beatty news, insider Leo Quinn bought 37,148 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average price of GBX 349 ($4.59) per share, for a total transaction of £129,646.52 ($170,475.37). In related news, insider Philip Harrison sold 360,000 shares of Balfour Beatty stock in a transaction on Monday, August 19th. The shares were sold at an average price of GBX 409 ($5.38), for a total value of £1,472,400 ($1,936,094.67). Also, insider Leo Quinn bought 37,148 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of GBX 349 ($4.59) per share, for a total transaction of £129,646.52 ($170,475.37). 1.18% of the stock is owned by corporate insiders.

Balfour Beatty Company Profile

Balfour Beatty plc finances, designs, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through three segments: Construction Services, Support Services, and Infrastructure Investments. The company constructs buildings, including commercial, healthcare, education, retail, and residential assets; and infrastructure assets comprising highways and railways, as well as other large-scale infrastructure assets, such as waste, water, and energy plants.