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 firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of GBX 1,008 ($13.40), for a total transaction of £2,253,343.68 ($2,996,069.25).

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 stock was sold at an average price of GBX 1,008 ($13.40), for a total transaction of £534,653.28 ($710,880.57).

Babcock International Group Trading Up 0.3%

Shares of LON BAB traded up GBX 3 ($0.04) during mid-day trading on Wednesday, hitting GBX 1,006 ($13.38). The company's stock had a trading volume of 1,388,062 shares, compared to its average volume of 4,734,843. The company's fifty day simple moving average is GBX 1,055.40 and its 200-day simple moving average is GBX 829.76. Babcock International Group PLC has a one year low of GBX 455.40 ($6.06) and a one year high of GBX 1,177 ($15.65). The stock 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. 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 released its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 ($0.67) earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, sell-side analysts anticipate that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BAB has been the subject of a number of research analyst reports. Berenberg Bank upped their price target on shares of Babcock International Group from GBX 910 ($12.10) to GBX 1,350 ($17.95) and gave the stock a "buy" rating in a research note on Thursday, June 26th. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th.

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.

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