Insider Selling: Babcock International Group (LON:BAB) Insider Sells £1,339,610.39 in Stock

Babcock International Group PLC (LON:BAB) insider David Mellors sold 135,451 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of GBX 989, for a total transaction of £1,339,610.39.

David Mellors also recently made the following trade(s):

• On Monday, August 3rd, David Mellors sold 24,804 shares of Babcock International Group stock. The shares were sold at an average price of GBX 1,144, for a total transaction of £283,757.76.

Babcock International Group Stock Down 2.1%

LON BAB opened at GBX 966 on Thursday. The business has a fifty day moving average price of GBX 1,073.92 and a two-hundred day moving average price of GBX 1,097.78. The stock has a market capitalization of £4.74 billion, a PE ratio of 23.39, a PEG ratio of 1.35 and a beta of 0.86. Babcock International Group PLC has a fifty-two week low of GBX 902.40 and a fifty-two week high of GBX 1,527. The company has a debt-to-equity ratio of 178.86, a current ratio of 0.80 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BAB shares. Royal Bank Of Canada dropped their price objective on Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating for the company in a research report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,400 target price on shares of Babcock International Group in a research note on Wednesday, July 1st. Citigroup increased their target price on shares of Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Berenberg Bank reduced their price target on shares of Babcock International Group from GBX 1,675 to GBX 1,430 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 4,256.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.