Insider Selling: Balfour Beatty plc (BBY) Insider Sells £563,946.72 in Stock
Balfour Beatty plc (LON:BBY) insider Leo Quinn sold 211,216 shares of Balfour Beatty stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of GBX 267 ($3.49), for a total value of £563,946.72 ($736,896.28).
Leo Quinn also recently made the following trade(s):
- On Friday, February 15th, Leo Quinn purchased 53 shares of Balfour Beatty stock. The stock was acquired at an average cost of GBX 283 ($3.70) per share, for a total transaction of £149.99 ($195.99).
Shares of LON BBY opened at GBX 260.20 ($3.40) on Friday. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 61.89. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of 13.34. Balfour Beatty plc has a 12 month low of GBX 230.60 ($3.01) and a 12 month high of GBX 318.60 ($4.16).
Several brokerages have commented on BBY. Liberum Capital reaffirmed a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research report on Wednesday, March 13th. Berenberg Bank dropped their price target on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating on the stock in a research report on Monday, January 28th. Numis Securities reaffirmed a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Balfour Beatty in a research report on Wednesday, March 13th. Peel Hunt reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, March 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price of GBX 345 ($4.51).
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Balfour Beatty Company Profile
Balfour Beatty plc finances, 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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