Babcock International Group’s (BAB) Buy Rating Reaffirmed at Shore Capital

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

A number of other equities analysts also recently 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 report on Monday, September 2nd. Berenberg Bank restated a “hold” rating and set a GBX 565 ($7.27) price target on shares of Babcock International Group in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Babcock International Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 585.80 ($7.54).

Babcock International Group Stock Up 3.0 %

Babcock International Group stock traded up GBX 14.80 ($0.19) during trading hours on Wednesday, hitting GBX 514 ($6.61). The company had a trading volume of 1,971,058 shares, compared to its average volume of 1,413,232. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. 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’s fifty day moving average is GBX 480.82 and its 200-day moving average is GBX 511.53. The firm has a market capitalization of £2.60 billion, a P/E ratio of 1,625.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Insider Transactions at Babcock International Group

In related news, insider David Mellors sold 276,512 shares of the firm’s 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 Lockwood sold 395,007 shares of Babcock International Group stock in a transaction that occurred 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). Also, insider David Mellors sold 276,512 shares of the company’s 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). 0.78% of the stock is owned by corporate insiders.

Babcock International Group Company Profile

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.