David Lockwood Sells 223,546 Shares of Babcock International Group PLC (LON:BAB) Stock

Key Points

• David Lockwood, an insider at Babcock International Group PLC, sold a total of 223,546 shares for £2,253,343.68 ($2,996,069.25) at an average price of GBX 1,008 ($13.40).
• Babcock's stock price increased by 0.3% during mid-day trading, reaching GBX 1,006 ($13.38), with a market cap of £5.05 billion.
• Analysts have raised the price target for Babcock shares, with Berenberg Bank setting it to GBX 1,350 ($17.95) and maintaining a "buy" rating.

Babcock International Group PLC (LON:BAB - Get Free Report) insider David Lockwood sold 223,546 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of GBX 1,008 ($13.55), for a total value of £2,253,343.68 ($3,029,502.12).

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

• On Monday, August 4th, David Lockwood sold 53,041 shares of Babcock International Group stock. The shares were sold at an average price of GBX 1,008 ($13.55), for a total value of £534,653.28 ($718,813.23).

Babcock International Group Price Performance

Shares of BAB traded up GBX 10.50 ($0.14) on Friday, hitting GBX 958 ($12.88). The company's stock had a trading volume of 1,679,094 shares, compared to its average volume of 4,699,114. The company has a market capitalization of £4.81 billion, a PE ratio of 28.99, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group PLC has a fifty-two week low of GBX 455.40 ($6.12) and a fifty-two week high of GBX 1,177 ($15.82). The company has a 50 day moving average price of GBX 1,057.88 and a 200 day moving average price of GBX 841.93. 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 posted its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 ($0.68) EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, research analysts anticipate that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Berenberg Bank increased their price target on shares of 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. Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th.

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.