Babcock International Group (LON:BAB) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Babcock International Group's shares recently surpassed their 200-day moving average, indicating a potential shift in market sentiment.
• Recent analyst ratings show a >strong buy sentiment, with Berenberg Bank raising its price target significantly from GBX 910 to GBX 1,350.
• Insider activity is notable, with significant sales of shares by insiders, including transactions totaling approximately £3.83 million on August 4th.

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 850 ($11.50) and traded as high as GBX 998.50 ($13.51). Babcock International Group shares last traded at GBX 988 ($13.37), with a volume of 1,346,081 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Berenberg Bank boosted their price target on Babcock International Group from GBX 910 ($12.31) to GBX 1,350 ($18.27) and gave the company a "buy" rating in a report on Thursday, June 26th.

Babcock International Group Price Performance

The company has a market capitalization of £4.98 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 1.35 and a beta of 1.28. The stock has a fifty day simple moving average of GBX 1,051.60 and a 200-day simple moving average of GBX 850. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

Babcock International Group (LON:BAB - Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.68) earnings per share for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, equities research analysts anticipate that Babcock International Group PLC will post 41.4298019 EPS for the current year.

Insider Activity at Babcock International Group

In other news, insider David Lockwood sold 223,546 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of GBX 1,008 ($13.64), for a total transaction of £2,253,343.68 ($3,048,766.99). Also, insider David Mellors sold 156,485 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of GBX 1,008 ($13.64), for a total value of £1,577,368.80 ($2,134,175.08). Over the last ninety days, insiders have sold 469,739 shares of company stock valued at $473,496,912. Corporate insiders own 0.78% of the company's stock.

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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