Babcock International Group (LON:BAB) Stock Crosses Above 200-Day Moving Average on 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) crossed above its two hundred day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a two hundred day moving average of GBX 830.97 ($11.10) and traded as high as GBX 1,018 ($13.60). Babcock International Group shares last traded at GBX 1,006 ($13.44), with a volume of 1,388,062 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on BAB. Berenberg Bank lifted their price target on Babcock International Group from GBX 910 ($12.16) to GBX 1,350 ($18.03) and gave the stock a "buy" rating in a research report on Thursday, June 26th. Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th.

Babcock International Group Price Performance

The company's fifty day moving average is GBX 1,056.95 and its two-hundred day moving average is GBX 830.97. 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 firm has a market cap of £5.05 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 ($0.67) earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. Equities research analysts forecast that Babcock International Group PLC will post 41.4298019 EPS for the current 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.

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