Brokerages Set Babcock International Group PLC (LON:BAB) Price Target at GBX 585.80

Shares of Babcock International Group PLC (LON:BAB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 585.80 ($7.63).

BAB has been the topic of several recent analyst reports. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a research note on Wednesday, July 17th. Bank of America reissued a "buy" rating and set a GBX 660 ($8.59) target price on shares of Babcock International Group in a report on Monday, September 2nd. Finally, Berenberg Bank cut Babcock International Group to a "hold" rating and lifted their price target for the stock from GBX 510 ($6.64) to GBX 565 ($7.35) in a report on Wednesday, July 17th.

Insider Buying and Selling

In other Babcock International Group news, insider David Mellors sold 276,512 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.52), for a total transaction of £1,385,325.12 ($1,803,339.13). In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.89), for a total value of £2,089,587.03 ($2,720,108.08). Also, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.52), for a total value of £1,385,325.12 ($1,803,339.13). 0.78% of the stock is owned by corporate insiders.

Babcock International Group Price Performance

BAB stock traded up GBX 4 ($0.05) during trading on Tuesday, hitting GBX 470 ($6.12). The company had a trading volume of 690,654 shares, compared to its average volume of 1,421,004. The company has a market cap of £2.38 billion, a P/E ratio of 1,468.75, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.86) and a fifty-two week high of GBX 575 ($7.49). The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. The company has a fifty day moving average price of GBX 484.88 and a two-hundred day moving average price of GBX 512.41.

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.