Babcock International Group (LON:BAB) Receives “Buy” Rating from Shore Capital

Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a report issued on Wednesday, MarketBeat reports.

Other equities research analysts also recently issued research reports about the stock. Bank of America reaffirmed a “buy” rating and set a GBX 660 ($8.49) price target on shares of Babcock International Group in a research note on Monday, September 2nd. Berenberg Bank restated a “hold” rating and issued a GBX 565 ($7.27) target price on shares of Babcock International Group in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 585.80 ($7.54).

Babcock International Group Stock Down 0.8 %

Shares of BAB opened at GBX 510 ($6.56) on Wednesday. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of £2.58 billion, a price-to-earnings ratio of 1,593.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a 1 year low of GBX 373.60 ($4.81) and a 1 year high of GBX 594 ($7.64). The business’s 50 day simple moving average is GBX 481.10 and its 200-day simple moving average is GBX 511.55.

Insiders Place Their Bets

In related news, insider David Lockwood sold 395,007 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.81), for a total value of £2,089,587.03 ($2,688,955.13). Also, insider David Mellors sold 276,512 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total value of £1,385,325.12 ($1,782,685.78). 0.78% of the stock is owned by 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.