Key Points
- Insider David Mellors sold 135,451 Babcock International Group shares at GBX 989 each, generating approximately £1.34 million; he also sold 24,804 shares in August for about £284,000.
- Babcock shares opened at GBX 952, below their 50-day and 200-day moving averages, and remain well below their 1-year high of GBX 1,527.
- Analysts remain broadly positive, with five Buy ratings and an overall “Buy” consensus, despite several brokers recently lowering their price targets.
Babcock International Group PLC (LON:BAB - Get Free Report) insider David Mellors sold 135,451 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 989, for a total value of £1,339,610.39.
David Mellors also recently made the following trade(s):
- On Monday, August 3rd, David Mellors sold 24,804 shares of Babcock International Group stock. The shares were sold at an average price of GBX 1,144, for a total value of £283,757.76.
Babcock International Group Stock Performance
LON BAB opened at GBX 952 on Friday. The company has a debt-to-equity ratio of 178.86, a current ratio of 0.80 and a quick ratio of 0.76. The company has a market cap of £4.67 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.35 and a beta of 0.86. The stock has a 50-day moving average of GBX 1,070.28 and a two-hundred day moving average of GBX 1,094.76. Babcock International Group PLC has a 1-year low of GBX 902.40 and a 1-year high of GBX 1,527.
Analyst Upgrades and Downgrades
BAB has been the subject of a number of research reports. Berenberg Bank dropped their price objective on shares of Babcock International Group from GBX 1,675 to GBX 1,430 and set a "buy" rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,400 target price on shares of Babcock International Group in a report on Wednesday, July 1st. Citigroup raised their price target on shares of Babcock International Group from £155.40 to £155.60 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,390 and set an "outperform" rating for the company in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Babcock International Group currently has an average rating of "Buy" and an average price target of GBX 4,256.
Get Our Latest Report on Babcock International Group
Babcock International Group Company Profile
(
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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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.
Further Reading
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