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

Shares of Babcock International Group PLC (LON:BAB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,012.64 ($13.53) and traded as high as GBX 1,205.13 ($16.10). Babcock International Group shares last traded at GBX 1,187 ($15.86), with a volume of 1,204,226 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BAB shares. Berenberg Bank upped their price objective on Babcock International Group from GBX 1,360 to GBX 1,440 and gave the company a “buy” rating in a research report on Friday, September 26th. 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 report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Babcock International Group has an average rating of “Buy” and an average price target of GBX 1,180.

Babcock International Group Stock 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 fifty day moving average price of GBX 1,144.44 and a two-hundred day moving average price of GBX 1,012.64. The stock has a market capitalization of £6.02 billion, a PE ratio of 25.04, a P/E/G ratio of 1.35 and a beta of 1.28.

Insider Activity at Babcock International Group

In other Babcock International Group 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 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 value of £369,603.36. Over the last quarter, insiders sold 469,739 shares of company stock worth $473,496,912. Company insiders own 1.10% 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.