David Mellors Sells 156,485 Shares of Babcock International Group PLC (LON:BAB) Stock

Key Points

• Insider Trading: David Mellors, an insider at Babcock International Group PLC, sold 156,485 shares for a total of £1,577,368.80 ($2,097,286.00) on August 4th.
• Stock Performance: Babcock's stock price increased by 0.3% to GBX 1,006 ($13.38), with a current market capitalization of £5.05 billion and a 52-week trading range between GBX 455.40 and GBX 1,177.
• Analyst Ratings: Berenberg Bank raised its price target on Babcock International Group from GBX 910 to GBX 1,350 and assigned a "buy" rating, indicating positive sentiment among analysts.

Babcock International Group PLC (LON:BAB - Get Free Report) insider David Mellors sold 156,485 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of GBX 1,008 ($13.55), for a total transaction of £1,577,368.80 ($2,120,689.43).

David Mellors also recently made the following trade(s):

• On Monday, August 4th, David Mellors sold 36,667 shares of Babcock International Group stock. The stock was sold at an average price of GBX 1,008 ($13.55), for a total transaction of £369,603.36 ($496,912.29).

Babcock International Group Trading Up 1.1%

Shares of LON BAB traded up GBX 10.50 ($0.14) during trading on Friday, reaching GBX 958 ($12.88). The company had a trading volume of 1,679,094 shares, compared to its average volume of 4,699,114. The company's fifty day moving average price is GBX 1,057.88 and its 200-day moving average price is GBX 841.93. 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 PLC has a 12 month low of GBX 455.40 ($6.12) and a 12 month high of GBX 1,177 ($15.82). The stock 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.

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

Wall Street Analysts Forecast Growth

BAB has been the topic of a number of recent research reports. Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th. Berenberg Bank lifted their price objective on Babcock International Group from GBX 910 ($12.23) to GBX 1,350 ($18.15) and gave the company a "buy" rating in a report on Thursday, June 26th.

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.