Babcock International Group (LON:BAB) Sets New 12-Month Low – Time to Sell?

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

Analysts Set New Price Targets

Several equities analysts have issued reports on BAB shares. Berenberg Bank decreased their price objective 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. Citigroup upped their target price on Babcock International Group from £155.40 to £155.60 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada cut their price target on Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 price objective on shares of Babcock International Group in a research note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 4,256.

Babcock International Group Stock Down 0.5%

The company has a market capitalization of £4.42 billion, a PE ratio of 21.85, a P/E/G ratio of 1.35 and a beta of 0.86. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 178.86. The firm has a 50 day simple moving average of GBX 1,057.13 and a two-hundred day simple moving average of GBX 1,085.09.

Insider Transactions at Babcock International Group

In other Babcock International Group news, insider David Mellors sold 135,451 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of GBX 989, for a total transaction of £1,339,610.39. Corporate insiders own 1.10% of the company’s stock.

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.