Bank of America Reiterates Buy Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by analysts at Bank of America in a research report issued on Monday, MarketBeat reports. They currently have a GBX 660 ($8.68) price objective on the stock. Bank of America‘s target price would suggest a potential upside of 29.67% from the stock’s current price.

BAB has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 625 ($8.22) target price on shares of Babcock International Group in a research report on Tuesday, May 7th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, July 17th. Finally, Berenberg Bank cut shares of Babcock International Group to a “hold” rating and lifted their target price for the company from GBX 510 ($6.71) to GBX 565 ($7.43) in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 585.80 ($7.70).

Babcock International Group Price Performance

Shares of BAB opened at GBX 509 ($6.69) on Monday. The firm has a fifty day moving average price of GBX 522.79 and a 200 day moving average price of GBX 521.55. The stock has a market cap of £2.57 billion, a PE ratio of 1,590.63, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a 1-year low of GBX 369 ($4.85) and a 1-year high of GBX 575 ($7.56). The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76.

Insiders Place Their Bets

In related news, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.96), for a total value of £2,089,587.03 ($2,747,648.95). In other news, insider John Ramsay bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of GBX 496 ($6.52) per share, for a total transaction of £49,600 ($65,220.25). Also, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.96), for a total value of £2,089,587.03 ($2,747,648.95). 0.59% 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.