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

Key Points

• Babcock International Group's share price exceeded its 200-day moving average for the first time, climbing to GBX 1,210 ($16.12) during trading.
• Equities analysts have upgraded their ratings, with Berenberg Bank raising their target price to GBX 1,440 and noting a consensus rating of "Buy".
• Insider transactions have seen significant selling activity, with insiders offloading 469,739 shares valued at nearly $473.5 million in the past 90 days.

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 995.83 ($13.27) and traded as high as GBX 1,210 ($16.12). Babcock International Group shares last traded at GBX 1,209 ($16.10), with a volume of 62,217,535 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BAB shares. Berenberg Bank upped their target price on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the company a "buy" rating in a research note on Friday, September 26th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,200 target price on shares of Babcock International Group in a research note on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 1,180.

Babcock International Group Trading Down 2.0%

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 business's 50-day moving average is GBX 1,119.88 and its two-hundred day moving average is GBX 995.83. The firm has a market cap of £5.94 billion, a P/E ratio of 2,468.75, a P/E/G ratio of 1.35 and a beta of 1.28.

Insider Transactions at Babcock International Group

In related news, insider David Lockwood sold 223,546 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total transaction of £2,253,343.68. Also, insider David Mellors sold 36,667 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total transaction of £369,603.36. In the last ninety days, insiders have sold 469,739 shares of company stock valued at $473,496,912. Insiders own 1.10% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.