Babcock International Group (LON:BAB) Insider David Mellors Sells 24,804 Shares of Stock

Babcock International Group PLC (LON:BAB) insider David Mellors sold 24,804 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 1,144, for a total transaction of £283,757.76.

Babcock International Group Stock Performance

Shares of LON:BAB traded up GBX 28.50 on Wednesday, hitting GBX 1,209. 2,335,572 shares of the company were exchanged, compared to its average volume of 20,409,654. The company’s 50 day moving average price is GBX 1,048.71 and its two-hundred day moving average price is GBX 1,198.44. Babcock International Group PLC has a one year low of GBX 902.40 and a one year high of GBX 1,527. The company has a debt-to-equity ratio of 178.86, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market capitalization of £5.92 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.35 and a beta of 0.89.

Babcock International Group (LON:BAB) last released its earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share for the quarter. Babcock International Group had a net margin of 4.08% and a return on equity of 31.57%. The business had revenue of GBX 517.77 billion during the quarter. Research analysts expect that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 price objective on shares of Babcock International Group in a research report on Wednesday, July 1st. Royal Bank Of Canada cut their target price on Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating for the company in a research note on Monday, July 20th. Citigroup lifted their price target on shares of Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price target on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Berenberg Bank dropped their price objective on shares of Babcock International Group from GBX 1,675 to GBX 1,430 and set a “buy” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 4,256.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.