Babcock International Group (LON:BAB) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Babcock International Group PLC shares have surpassed their 200-day moving average, with the stock trading as high as GBX 1,209 ($16.34).
• Research analysts have a favorable outlook, with four analysts rating the stock as a Buy and an average price target of GBX 1,153.33.
• Insider trading activity has seen significant sales, with insiders selling 469,739 shares valued at approximately $473 million over the past 90 days.

Shares of Babcock International Group PLC (LON:BAB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 938.70 ($12.69) and traded as high as GBX 1,209 ($16.34). Babcock International Group shares last traded at GBX 1,202 ($16.25), with a volume of 1,328,840 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BAB shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,200 price objective on shares of Babcock International Group in a report on Monday, September 8th. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Finally, Berenberg Bank lifted their price objective on shares of Babcock International Group from GBX 1,350 to GBX 1,360 and gave the company a "buy" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 1,153.33.

Babcock International Group Stock Down 0.4%

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The company has a market cap of £6.01 billion, a price-to-earnings ratio of 2,493.75, a PEG ratio of 1.35 and a beta of 1.28. The firm's fifty day simple moving average is GBX 1,049.95 and its 200 day simple moving average is GBX 938.70.

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

Insider Activity at Babcock International Group

In other news, insider David Mellors sold 36,667 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were 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 transaction of £2,253,343.68. Insiders have sold a total of 469,739 shares of company stock valued at $473,496,912 in the last 90 days. Insiders own 1.09% of the company's stock.

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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