Berenberg Bank Reiterates “Hold” Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a note issued to investors on Wednesday, Marketbeat.com reports. They presently have a GBX 565 ($7.27) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 10.78% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.49) target price on shares of Babcock International Group in a research note on Monday, September 2nd. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Babcock International Group presently has an average rating of “Moderate Buy” and an average target price of GBX 585.80 ($7.54).

Babcock International Group Trading Down 0.8 %

LON BAB opened at GBX 510 ($6.56) on Wednesday. The stock has a market capitalization of £2.58 billion, a price-to-earnings ratio of 1,593.75, a PEG ratio of 1.35 and a beta of 1.28. The business’s fifty day moving average is GBX 481.10 and its 200-day moving average is GBX 511.55. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. Babcock International Group has a one year low of GBX 373.60 ($4.81) and a one year high of GBX 594 ($7.64).

Insider Buying and Selling

In related news, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.81), for a total transaction of £2,089,587.03 ($2,688,955.13). Also, insider David Mellors sold 276,512 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). 0.78% of the stock is owned by insiders.

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.