Babcock International Group (LON:BAB) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Babcock International Group's stock price has crossed above its 200-day moving average, reaching GBX 1,281 ($17.27), which is an indicator of a potential upward trend.
• Analysts have a favorable outlook on Babcock, with Berenberg Bank raising its price target to GBX 1,440 and four analysts rating it as a "Buy".
• Insider trading activity has been notable, with significant shares sold in early August, amounting to nearly £4 million in total sales by two insiders.

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 976.75 ($13.17) and traded as high as GBX 1,301 ($17.54). Babcock International Group shares last traded at GBX 1,281 ($17.27), with a volume of 1,306,555 shares traded.

Wall Street Analyst Weigh In

BAB has been the topic of a number of research reports. Berenberg Bank increased their price objective 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 reaffirmed an "outperform" rating and issued a GBX 1,200 price target on shares of Babcock International Group in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Babcock International Group presently has an average rating of "Buy" and an average price target of GBX 1,180.

Babcock International Group Stock Down 1.2%

The firm's 50 day moving average is GBX 1,093.37 and its 200-day moving average is GBX 976.75. The firm has a market cap of £6.34 billion, a PE ratio of 2,637.50, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62.

Insiders Place Their Bets

In related news, insider David Mellors sold 156,485 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total value of £1,577,368.80. Also, insider David Lockwood sold 223,546 shares of the 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. In the last three months, insiders have sold 469,739 shares of company stock worth $473,496,912. Corporate 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.

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