Babcock International Group (LON:BAB) Receives Outperform Rating from Royal Bank Of Canada

Key Points

• Babcock International Group's stock has received an "outperform" rating from Royal Bank of Canada, with a target price of GBX 1,200, indicating a potential upside of 9.69%.
• Other analysts, including Berenberg Bank and Shore Capital, have also rated the stock as a "buy," with a consensus rating of "buy" and an average price target of GBX 1,153.33.
• Recent insider trades included significant sales by executives, with a total of 469,739 shares sold over the last 90 days.

Babcock International Group (LON:BAB - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 1,200 target price on the stock. Royal Bank Of Canada's price target points to a potential upside of 9.69% from the company's current price.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank raised their target price on Babcock International Group from GBX 1,350 to GBX 1,360 and gave the company a "buy" rating in a report on Friday. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 1,153.33.

Babcock International Group Price Performance

Shares of LON:BAB opened at GBX 1,094 on Monday. The firm has a 50 day moving average of GBX 1,036.90 and a 200-day moving average of GBX 902.56. The stock has a market capitalization of £5.50 billion, a PE ratio of 2,279.17, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. Babcock International Group has a 12 month low of GBX 455.40 and a 12 month high of GBX 1,177.

Babcock International Group (LON:BAB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, equities research analysts predict that Babcock International Group will post 41.4298019 EPS for the current fiscal year.

Insiders Place Their Bets

In other Babcock International Group news, insider David Lockwood sold 223,546 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total value of £2,253,343.68. Also, insider David Mellors sold 36,667 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total value of £369,603.36. Insiders have sold a total of 469,739 shares of company stock worth $473,496,912 in the last 90 days. 1.09% 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.

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