Babcock International Group (LON:BAB) Reaches New 1-Year Low – Here’s Why

Shares of Babcock International Group PLC (LON:BAB) reached a new 52-week low on Wednesday. The stock traded as low as GBX 891 and last traded at GBX 902.26, with a volume of 2217608 shares traded. The stock had previously closed at GBX 906.60.

Wall Street Analyst Weigh In

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

Babcock International Group Stock Up 0.9%

The firm has a fifty day moving average of GBX 1,047.77 and a 200-day moving average of GBX 1,079.41. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86. The firm has a market cap of £4.47 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86.

Insider Buying and Selling at Babcock International Group

In other news, insider David Mellors sold 135,451 shares of the company’s 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. 1.10% of the stock is owned by company insiders.

About Babcock International Group

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.