Babcock International Group (LON:BAB) Hits New 12-Month High - Here's Why

Babcock International Group PLC (LON:BAB - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 753.50 ($9.79) and last traded at GBX 752.50 ($9.77), with a volume of 1461708 shares changing hands. The stock had previously closed at GBX 721.50 ($9.37).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price on Babcock International Group from GBX 760 ($9.87) to GBX 900 ($11.69) and gave the company an "overweight" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 687.50 ($8.93).

Babcock International Group Price Performance

The stock has a fifty day simple moving average of GBX 597.53 and a 200-day simple moving average of GBX 530.34. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The stock has a market cap of £3.76 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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.