Babcock International Group (LON:BAB) Hits New 1-Year High After Analyst Upgrade

Babcock International Group PLC (LON:BAB)’s share price reached a new 52-week high during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 1,360 to GBX 1,440. Berenberg Bank currently has a buy rating on the stock. Babcock International Group traded as high as GBX 1,289.90 ($17.33) and last traded at GBX 1,282 ($17.22), with a volume of 3215525 shares trading hands. The stock had previously closed at GBX 1,273 ($17.10).

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,200 price target on shares of Babcock International Group in a research report on Monday, September 8th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Thursday, May 29th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,180.

Insider Activity at Babcock International Group

In related news, insider David Lockwood sold 223,546 shares of the firm’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 £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 shares were sold at an average price of GBX 1,008, for a total transaction of £369,603.36. Insiders have sold a total of 469,739 shares of company stock worth $473,496,912 over the last ninety days. 1.09% of the stock is currently owned by insiders.

Babcock International Group Price Performance

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market capitalization of £6.54 billion, a price-to-earnings ratio of 2,712.50, a PEG ratio of 1.35 and a beta of 1.28. The business’s fifty day simple moving average is GBX 1,067.37 and its 200 day simple moving average is GBX 957.07.

About Babcock International Group

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.