Babcock International Group PLC (LON:BAB) Receives GBX 585.80 Average PT from Analysts

Babcock International Group PLC (LON:BAB) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 585.80 ($7.63).

A number of brokerages have recently commented on BAB. Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.59) target price on shares of Babcock International Group in a research report on Monday, September 2nd. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, July 17th. Finally, Berenberg Bank lowered shares of Babcock International Group to a “hold” rating and increased their target price for the stock from GBX 510 ($6.64) to GBX 565 ($7.35) in a research note on Wednesday, July 17th.

Insider Transactions at Babcock International Group

In related news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.52), for a total value of £1,385,325.12 ($1,803,339.13). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.52), for a total transaction of £1,385,325.12 ($1,803,339.13). 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 ($6.89), for a total value of £2,089,587.03 ($2,720,108.08). Insiders own 0.78% of the company’s stock.

Babcock International Group Stock Performance

BAB opened at GBX 496.60 ($6.46) on Tuesday. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a fifty day moving average price of GBX 482.19 and a 200 day moving average price of GBX 511.96. Babcock International Group has a 1 year low of GBX 373.60 ($4.86) and a 1 year high of GBX 575 ($7.49). The stock has a market cap of £2.51 billion, a P/E ratio of 1,551.88, a P/E/G ratio of 1.35 and a beta of 1.28.

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.