Royal Bank Of Canada reaffirmed their outperform rating on shares of Babcock International Group (LON:BAB - Free Report) in a report released on Monday, Marketbeat.com reports. Royal Bank Of Canada currently has a GBX 1,200 price objective on the stock.
Several other brokerages have also issued reports on BAB. 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 target on shares of Babcock International Group from GBX 910 to GBX 1,350 and gave the company a "buy" rating in a research note on Thursday, June 26th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Babcock International Group has an average rating of "Buy" and an average price target of GBX 1,027.50.
Check Out Our Latest Research Report on Babcock International Group
Babcock International Group Stock Up 0.2%
Shares of LON:BAB traded up GBX 1.50 during midday trading on Monday, reaching GBX 998. 1,084,479 shares of the company were exchanged, compared to its average volume of 4,537,518. Babcock International Group has a fifty-two week low of GBX 455.40 and a fifty-two week high of GBX 1,177. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The stock has a fifty day simple moving average of GBX 1,047.08 and a two-hundred day simple moving average of GBX 866.11. The firm has a market cap of £5.01 billion, a PE ratio of 30.20, a P/E/G ratio of 1.35 and a beta of 1.28.
Babcock International Group (LON:BAB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. As a group, sell-side analysts forecast that Babcock International Group will post 41.4298019 earnings per share for the current year.
Insider Transactions at Babcock International Group
In related news, insider David Mellors sold 156,485 shares of Babcock International Group 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 £1,577,368.80. Also, insider David Lockwood sold 223,546 shares of Babcock International Group 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 £2,253,343.68. Insiders have sold 469,739 shares of company stock valued at $473,496,912 in the last quarter. 0.78% of the stock is currently owned by corporate insiders.
Babcock International Group Company Profile
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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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