Babcock International Group PLC (LON:BAB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Babcock International Group PLC (LON:BAB) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 585.80 ($7.54).

A number of equities analysts have commented on the company. Berenberg Bank downgraded Babcock International Group to a “hold” rating and lifted their target price for the company from GBX 510 ($6.56) to GBX 565 ($7.27) in a research note on Wednesday, July 17th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Wednesday, July 17th. Finally, Bank of America reaffirmed a “buy” rating and issued a GBX 660 ($8.49) price target on shares of Babcock International Group in a research report on Monday, September 2nd.

Insider Activity

In other Babcock International Group news, insider David Mellors sold 276,512 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total value of £1,385,325.12 ($1,782,685.78). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total value of £1,385,325.12 ($1,782,685.78). Also, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.81), for a total value of £2,089,587.03 ($2,688,955.13). 0.78% of the stock is currently owned by company insiders.

Babcock International Group Stock Performance

Shares of BAB stock opened at GBX 506.21 ($6.51) on Tuesday. The stock has a market capitalization of £2.56 billion, a price-to-earnings ratio of 1,573.44, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group has a one year low of GBX 373.60 ($4.81) and a one year high of GBX 575 ($7.40). The company’s 50-day simple moving average is GBX 481.09 and its 200-day simple moving average is GBX 511.65. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86.

About Babcock International Group

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.