Babcock International Group (LON:BAB) Receives “Hold” Rating from Berenberg Bank

Babcock International Group (LON:BAB)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 565 ($7.27) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 9.92% from the company’s previous close.

A number of other research firms have also commented on BAB. Bank of America restated a “buy” rating and issued a GBX 660 ($8.49) price objective on shares of Babcock International Group in a research note on Monday, September 2nd. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Babcock International Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 585.80 ($7.54).

Babcock International Group Stock Performance

Shares of Babcock International Group stock traded up GBX 14.80 ($0.19) during trading on Wednesday, reaching GBX 514 ($6.61). The company’s stock had a trading volume of 1,971,058 shares, compared to its average volume of 1,413,232. The company has a 50-day moving average price of GBX 480.82 and a two-hundred day moving average price of GBX 511.53. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.81) and a fifty-two week high of GBX 594 ($7.64). The firm has a market cap of £2.60 billion, a PE ratio of 1,625.00, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75.

Insider Buying and Selling at Babcock International Group

In related news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction that occurred on Thursday, September 5th. The stock was 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 news, insider David Mellors sold 276,512 shares of the 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 dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.81), for a total transaction of £2,089,587.03 ($2,688,955.13). 0.78% of the stock is owned by corporate insiders.

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.