Babcock International Group (LON:BAB) Shares Down 5.7% – Should You Sell?

Shares of Babcock International Group PLC (LON:BAB) traded down 5.7% during mid-day trading 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 session volume of 18,004,906 shares. The stock had previously closed at GBX 1,055.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating for the company in a research note on Monday, July 20th. Berenberg Bank reduced their price objective 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 research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Babcock International Group currently has a consensus rating of “Buy” and an average price target of GBX 4,256.

Babcock International Group Stock Performance

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 company has a 50 day simple moving average of GBX 977.11 and a 200-day simple moving average of GBX 1,125.92. The stock has a market capitalization of £4.85 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Insider Activity at Babcock International Group

In other news, insider David Mellors sold 135,451 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of GBX 989, for a total transaction of £1,339,610.39. 1.15% of the stock is currently owned by company insiders.

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.