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

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

A number of other equities analysts have also commented on the stock. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, July 17th. 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 report on Monday, September 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Babcock International Group presently has an average rating of “Moderate Buy” and an average price target of GBX 585.80 ($7.54).

Babcock International Group Stock Down 0.8 %

BAB stock opened at GBX 510 ($6.56) on Wednesday. The company’s 50 day moving average is GBX 481.10 and its 200 day moving average is GBX 511.55. The stock 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 company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. Babcock International Group has a 1-year low of GBX 373.60 ($4.81) and a 1-year high of GBX 594 ($7.64).

Insider Activity

In other Babcock International Group 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 value of £1,385,325.12 ($1,782,685.78). 0.78% of the stock is owned by corporate 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.