Babcock International Group (LON:BAB) Earns Buy Rating from Shore Capital

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

Several other brokerages have also recently issued reports on BAB. Bank of America restated a “buy” rating and set a GBX 660 ($8.49) price objective on shares of Babcock International Group in a research note on Monday, September 2nd. Berenberg Bank restated a “hold” rating and issued a GBX 565 ($7.27) price target on shares of Babcock International Group in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Babcock International Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 585.80 ($7.54).

Babcock International Group Stock Up 3.0 %

LON BAB traded up GBX 14.80 ($0.19) during trading hours on Wednesday, reaching GBX 514 ($6.61). 1,971,058 shares of the company traded hands, compared to its average volume of 1,413,232. The stock has a market capitalization of £2.60 billion, a PE ratio of 1,625.00, a PEG ratio of 1.35 and a beta of 1.28. The company has a 50 day moving average of GBX 480.82 and a two-hundred day moving average of GBX 511.53. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. Babcock International Group has a 12 month low of GBX 373.60 ($4.81) and a 12 month high of GBX 594 ($7.64).

Insiders Place Their Bets

In other news, insider David Lockwood sold 395,007 shares of the 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). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). Also, insider David Lockwood sold 395,007 shares of Babcock International Group stock in a transaction on Wednesday, August 28th. The shares were 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 owned by 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.