Babcock International Group (LON:BAB) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Babcock International Group's share price surpassed its two hundred day moving average, indicating a potential upward trend, with the last price recorded at GBX 1,000 ($13.45).
• Analysts remain optimistic about the stock, with several firms issuing "buy" ratings and a revised price target reaching up to GBX 1,350.
• Insider trading activity revealed significant sales, with a total of 469,739 shares sold by insiders valued at approximately $473 million over the last 90 days.

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 876.41 ($11.79) and traded as high as GBX 1,007 ($13.55). Babcock International Group shares last traded at GBX 1,000 ($13.45), with a volume of 836,181 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on BAB. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 1,200 price objective on shares of Babcock International Group in a report on Monday, August 18th. Finally, Berenberg Bank increased their price objective on Babcock International Group from GBX 910 to GBX 1,350 and gave the company a "buy" rating in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 1,027.50.

Babcock International Group Price Performance

The company has a market cap of £5.04 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. 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 stock has a 50 day moving average of GBX 1,044.96 and a 200-day moving average of GBX 876.41.

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

Insiders Place Their Bets

In other Babcock International Group news, insider David Lockwood sold 223,546 shares of Babcock International Group 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 £2,253,343.68. Also, insider David Mellors sold 156,485 shares of Babcock International Group 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 £1,577,368.80. Insiders sold a total of 469,739 shares of company stock valued at $473,496,912 in the last 90 days. 0.78% of the stock is currently owned by company insiders.

Babcock International Group Company Profile

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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