Babcock International Group (LON:BAB) Price Target Raised to GBX 1,440 at Berenberg Bank

Babcock International Group (LON:BAB) had its price objective lifted by Berenberg Bank from GBX 1,360 to GBX 1,440 in a report released on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on BAB. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,200 target price on shares of Babcock International Group in a report on Monday, September 8th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Thursday, May 29th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group presently has an average rating of “Buy” and an average target price of GBX 1,180.

Babcock International Group Stock Performance

LON BAB opened at GBX 1,273 on Friday. The business’s 50-day moving average price is GBX 1,062.71 and its 200 day moving average price is GBX 949.98. 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 has a twelve month low of GBX 462.20 and a twelve month high of GBX 1,280. The company has a market capitalization of £6.40 billion, a PE ratio of 2,652.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, research analysts predict that Babcock International Group will post 41.4298019 earnings per share for the current year.

Insider Activity at Babcock International Group

In related news, insider David Lockwood sold 223,546 shares of Babcock International Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total transaction of £2,253,343.68. Also, insider David Mellors sold 36,667 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total transaction of £369,603.36. Over the last quarter, insiders have sold 469,739 shares of company stock valued at $473,496,912. 1.09% of the stock is owned by 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.