Babcock International Group (LON:BAB) Shares Pass Above Two Hundred Day Moving Average After Insider Selling

Shares of Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Wednesday following insider buying activity. The stock has a 200-day moving average of GBX 830.97 ($11.10) and traded as high as GBX 1,018 ($13.60). Babcock International Group shares last traded at GBX 1,006 ($13.44), with a volume of 1,388,062 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BAB shares. Berenberg Bank raised their price target on Babcock International Group from GBX 910 ($12.16) to GBX 1,350 ($18.03) and gave the company a “buy” rating in a report on Thursday, June 26th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Thursday, May 29th.

Babcock International Group Price Performance

The company has a 50 day moving average price of GBX 1,056.95 and a 200 day moving average price of GBX 830.97. The company has a market capitalization of £5.05 billion, a price-to-earnings ratio of 30.44, a PEG 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 256.62.

Babcock International Group (LON:BAB) last released its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.67) EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. As a group, equities research analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

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.