Babcock International Group (LON:BAB) Stock: Insider David Mellors Sells 135,451 Shares

Key Points

• Insider sale: David Mellors sold 135,451 Babcock International shares at GBX 989 each, generating approximately £1.34 million. He also sold 24,804 shares in August for roughly £283,758.
• Stock performance: Babcock shares opened at GBX 966, compared with a 12-month range of GBX 902.40 to GBX 1,527. The company has a market capitalization of approximately £4.74 billion.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with recent price targets generally ranging from GBX 1,390 to GBX 1,430, despite some target-price reductions.

Babcock International Group PLC (LON:BAB - Get Free Report) insider David Mellors sold 135,451 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of GBX 989, for a total transaction of £1,339,610.39.

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

• On Monday, August 3rd, David Mellors sold 24,804 shares of Babcock International Group stock. The shares were sold at an average price of GBX 1,144, for a total value of £283,757.76.

Babcock International Group Price Performance

LON BAB opened at GBX 966 on Thursday. Babcock International Group PLC has a 12-month low of GBX 902.40 and a 12-month high of GBX 1,527. The firm's 50 day moving average is GBX 1,073.92 and its 200-day moving average is GBX 1,097.78. The company has a market capitalization of £4.74 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86.

Analysts Set New Price Targets

BAB has been the topic of several recent analyst reports. Berenberg Bank lowered their price objective on shares of Babcock International Group from GBX 1,675 to GBX 1,430 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of Babcock International Group from £155.40 to £155.60 and gave the company a "buy" rating in a report on Wednesday, June 24th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,400 price target on shares of Babcock International Group in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada lowered their target price on Babcock International Group from GBX 1,400 to GBX 1,390 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Babcock International Group has a consensus rating of "Buy" and a consensus target price of GBX 4,256.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.

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