Babcock International Group (LON:BAB) Sets New 1-Year High on Analyst Upgrade

Key Points

• Babcock International Group shares hit a new 52-week high after Berenberg Bank raised their price target from GBX 1,360 to GBX 1,440, with a current buy rating on the stock.
• The company has a significant debt-to-equity ratio of 256.62, with a market capitalization of £6.44 billion.
• Insiders have sold 469,739 shares of the company in recent months, totaling approximately £2.6 million in transactions.

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price reached a new 52-week high during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 1,360 to GBX 1,440. Berenberg Bank currently has a buy rating on the stock. Babcock International Group traded as high as GBX 1,289.90 ($17.29) and last traded at GBX 1,282 ($17.19), with a volume of 3215525 shares traded. The stock had previously closed at GBX 1,273 ($17.07).

A number of other equities research analysts also recently issued reports on BAB. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 1,200 price objective on shares of Babcock International Group in a research report on Monday, September 8th. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 1,180.

Insider Transactions at Babcock International Group

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

Babcock International Group Trading Up 0.7%

The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a 50-day moving average of GBX 1,062.71 and a 200-day moving average of GBX 953.23. The firm has a market capitalization of £6.44 billion, a P/E ratio of 2,670.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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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