Shore Capital Reaffirms Buy Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a report released on Wednesday, Marketbeat reports.

Several other research analysts have also recently weighed in on the stock. Bank of America reissued a “buy” rating and set a GBX 660 ($8.49) price objective on shares of Babcock International Group in a report on Monday, September 2nd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 565 ($7.27) target price on shares of Babcock International Group in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 585.80 ($7.54).

Babcock International Group Price Performance

Shares of LON:BAB opened at GBX 510 ($6.56) on Wednesday. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a market cap of £2.58 billion, a price-to-earnings ratio of 1,593.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The business has a 50-day simple moving average of GBX 481.10 and a two-hundred day simple moving average of GBX 511.55. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.81) and a fifty-two week high of GBX 594 ($7.64).

Insider Activity

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 stock was sold at an average price of GBX 529 ($6.81), for a total value of £2,089,587.03 ($2,688,955.13). Also, insider David Mellors sold 276,512 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). Insiders own 0.78% of the company’s stock.

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.