Babcock International Group (LON:BAB) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Babcock International Group PLC (LON:BAB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,186.42 and traded as high as GBX 1,212.50. Babcock International Group shares last traded at GBX 1,205, with a volume of 985,719 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on BAB shares. JPMorgan Chase & Co. dropped 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 research report on Thursday, May 14th. Citigroup increased their target price 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. Jefferies Financial Group restated a “buy” rating and set a GBX 1,400 target price on shares of Babcock International Group in a research report on Wednesday, July 1st. Berenberg Bank cut their price target on 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, August 3rd. Finally, Royal Bank Of Canada lowered their price target on Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 4,256.

Babcock International Group Trading Up 1.0%

The company has a 50 day simple moving average of GBX 1,067.64 and a 200 day simple moving average of GBX 1,184.42. The company has a market capitalization of £5.88 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 178.86, a quick ratio of 0.76 and a current ratio of 0.80.

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. The business had revenue of GBX 517.77 billion for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%. Analysts anticipate that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

Insider Activity at Babcock International Group

In other Babcock International Group news, insider David Mellors sold 24,804 shares of Babcock International Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 1,144, for a total value of £283,757.76. 1.10% of the stock is currently owned by corporate insiders.

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.