Babcock International Group (LON:BAB) Stock Price Passes Above 200-Day Moving Average - What's Next?

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 536.26 ($6.93) and traded as high as GBX 735.50 ($9.50). Babcock International Group shares last traded at GBX 717 ($9.26), with a volume of 12,764,812 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on Babcock International Group from GBX 760 ($9.82) to GBX 900 ($11.63) 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. According to data from MarketBeat.com, Babcock International Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 687.50 ($8.88).

Babcock International Group Price Performance

The company has a fifty day moving average price of GBX 622.03 and a two-hundred day moving average price of GBX 538. The firm has a market capitalization of £3.68 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62.

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.