Babcock International Group (LON:BAB) Share Price Crosses Above 200 Day Moving Average of $321.86

Shares of Babcock International Group PLC (LON:BAB) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 321.86 ($4.06) and traded as high as GBX 387.22 ($4.88). Babcock International Group shares last traded at GBX 384.20 ($4.84), with a volume of 437,613 shares traded.

Wall Street Analyst Weigh In

BAB has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 400 ($5.04) price objective on shares of Babcock International Group in a research note on Thursday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 460 ($5.80) price target on shares of Babcock International Group in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 408.40 ($5.15).

Babcock International Group Stock Up 1.3 %

The company has a market cap of £1.94 billion, a PE ratio of -5,488.57, a PEG ratio of 1.35 and a beta of 1.45. The company has a debt-to-equity ratio of 274.14, a quick ratio of 0.76 and a current ratio of 0.85. The stock’s 50 day moving average price is GBX 340.27 and its 200-day moving average price is GBX 321.86.

Insider Buying and Selling at Babcock International Group

In other Babcock International Group news, insider David Lockwood sold 79,574 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of GBX 376 ($4.74), for a total transaction of £299,198.24 ($377,156.49). In other Babcock International Group news, insider David Lockwood sold 79,574 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of GBX 376 ($4.74), for a total transaction of £299,198.24 ($377,156.49). Also, insider Sir Kevin Smith CBE acquired 6,000 shares of Babcock International Group stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of GBX 371 ($4.68) per share, with a total value of £22,260 ($28,060.00). 0.59% of the stock is currently 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.