Babcock International Group (LON:BAB) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Key Points

• Babcock International Group's price target has been raised from GBX 1,360 to GBX 1,440 by Berenberg Bank, indicating a potential upside of 14.65% from its previous close.
• The company currently has an average analyst rating of "Buy" with a consensus target price of GBX 1,180, reflecting overall positive market sentiment.
• Insiders have sold a significant number of shares recently, totaling £2,253,343.68 and £1,577,368.80 from two transactions, indicating potential concerns about insider confidence in the stock.

Babcock International Group (LON:BAB - Get Free Report) had its price target hoisted by Berenberg Bank from GBX 1,360 to GBX 1,440 in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 14.65% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,200 price target on shares of Babcock International Group in a research report on Monday, September 8th. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 1,180.

Babcock International Group Stock Up 1.8%

BAB opened at GBX 1,256 on Friday. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The business has a 50 day simple moving average of GBX 1,058.53 and a 200-day simple moving average of GBX 946.07. The stock has a market capitalization of £6.31 billion, a P/E ratio of 2,616.67, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a 12 month low of GBX 462.20 and a 12 month high of GBX 1,258.

Babcock International Group (LON:BAB - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 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 analysts anticipate that Babcock International Group will post 41.4298019 earnings per share for the current fiscal year.

Insider Transactions at Babcock International Group

In other Babcock International Group news, insider David Lockwood sold 223,546 shares of the business's 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 the business's 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 £1,577,368.80. In the last 90 days, insiders have sold 469,739 shares of company stock worth $473,496,912. 1.09% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.