Babcock International Group (LON:BAB) Stock Price Crosses Above Two Hundred Day Moving Average Following Insider Selling

Key Points

• Babcock International Group (LON:BAB) shares crossed above their two-hundred day moving average following an insider purchase, with the stock trading as high as GBX 1,018 ($13.60).
• Analysts have set a new price target for Babcock, with Berenberg Bank raising their target from GBX 910 ($12.16) to GBX 1,350 ($18.03) and maintaining a "buy" rating.
• The company reported a net margin of 3.77% and a return on equity of 44.68% in its latest quarterly earnings, with an EPS of GBX 50.30 ($0.67).

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-day moving average of GBX 830.97 ($11.18) and traded as high as GBX 1,018 ($13.69). Babcock International Group shares last traded at GBX 1,006 ($13.53), with a volume of 1,388,062 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Berenberg Bank upped their price target on Babcock International Group from GBX 910 ($12.24) to GBX 1,350 ($18.16) and gave the stock a "buy" rating in a report on Thursday, June 26th.

Babcock International Group Stock Performance

The company has a market cap of £4.81 billion, a P/E ratio of 28.99, a PEG ratio of 1.35 and a beta of 1.28. The company has a 50 day moving average price of GBX 1,057.88 and a 200-day moving average price of GBX 839.56. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62.

Babcock International Group (LON:BAB - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.68) 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 expect that Babcock International Group PLC will post 41.4298019 EPS for the current fiscal year.

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.