Babcock International Group PLC (LON:BAB) Given Consensus Rating of “Moderate Buy” by Analysts

Babcock International Group PLC (LON:BAB) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 585.80 ($7.54).

Several equities analysts recently commented on BAB shares. Bank of America reaffirmed 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 cut shares of Babcock International Group to a “hold” rating and boosted their target price for the company from GBX 510 ($6.56) to GBX 565 ($7.27) in a report on Wednesday, July 17th. Finally, Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, July 17th.

Insider Activity at Babcock International Group

In related news, insider David Lockwood sold 395,007 shares of the stock in a transaction dated 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). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the company’s stock in a transaction 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). Also, insider David Lockwood sold 395,007 shares of Babcock International Group 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 insiders.

Babcock International Group Price Performance

Shares of LON BAB opened at GBX 506.21 ($6.51) on Tuesday. Babcock International Group has a 1-year low of GBX 373.60 ($4.81) and a 1-year high of GBX 575 ($7.40). The firm has a market cap of £2.56 billion, a price-to-earnings ratio of 1,573.44, a price-to-earnings-growth 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. The stock has a fifty day simple moving average of GBX 481.09 and a two-hundred day simple moving average of GBX 511.65.

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.