Babcock International Group (LON:BAB) Shares Down 5.7% – Here’s Why

Babcock International Group PLC (LON:BAB) shares fell 5.7% on Thursday. The stock traded as low as GBX 984.36 and last traded at GBX 995.40. Approximately 1,596,035 shares were traded during trading, a decline of 91% from the average daily volume of 18,004,906 shares. The stock had previously closed at GBX 1,055.50.

Analyst Ratings Changes

Several research firms recently issued reports on BAB. Royal Bank Of Canada reduced their price target on shares of 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. Berenberg Bank lowered 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 report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 4,256.

Babcock International Group Stock Down 5.7%

The company has a debt-to-equity ratio of 178.86, a current ratio of 0.80 and a quick ratio of 0.76. The stock has a market capitalization of £4.85 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.35 and a beta of 0.89. The firm has a 50-day simple moving average of GBX 977.11 and a 200 day simple moving average of GBX 1,125.92.

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 value of £1,339,610.39. Company insiders own 1.15% of the company’s stock.

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.