Babcock International Group (LON:BAB) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,037.55 and traded as high as GBX 1,217. Babcock International Group shares last traded at GBX 1,203, with a volume of 4,143,324 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BAB. Jefferies Financial Group upped their target price on shares of Babcock International Group from GBX 1,330 to GBX 1,400 and gave the company a “buy” rating in a research report on Thursday. Berenberg Bank boosted their price target on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,200 price target on shares of Babcock International Group in a research note on Monday, September 8th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,235.

Babcock International Group Price Performance

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market capitalization of £6.04 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The stock’s 50 day simple moving average is GBX 1,171.20 and its 200-day simple moving average is GBX 1,037.55.

Insider Buying and Selling

In related news, insider David Mellors sold 36,667 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total transaction of £369,603.36. Also, insider David Lockwood sold 223,546 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total transaction of £2,253,343.68. Insiders have sold 469,739 shares of company stock worth $473,496,912 over the last 90 days. 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.