Babcock International Group (LON:BAB) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Babcock International Group (LON:BAB) had its price target lifted by Berenberg Bank from GBX 1,360 to GBX 1,440 in a note issued to investors on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 14.65% from the stock’s previous close.

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

Babcock International Group Trading Up 1.8%

Shares of LON BAB opened at GBX 1,256 on Friday. The stock’s 50 day moving average price is GBX 1,058.53 and its two-hundred day moving average price is GBX 946.07. Babcock International Group has a 52-week low of GBX 462.20 and a 52-week high of GBX 1,258. The stock has a market capitalization of £6.31 billion, a P/E ratio of 2,616.67, a PEG ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62.

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

Insider Buying and Selling

In other news, insider David Lockwood sold 223,546 shares of the stock in a transaction that occurred 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 stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total value of £369,603.36. Insiders have sold a total of 469,739 shares of company stock worth $473,496,912 over the last quarter. Insiders own 1.09% of the company’s stock.

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.