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Babcock International Group (LON:BAB) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

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Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 557.89 ($7.30) and traded as high as GBX 704.50 ($9.22). Babcock International Group shares last traded at GBX 691 ($9.04), with a volume of 3,577,245 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target on shares of Babcock International Group from GBX 760 ($9.94) to GBX 900 ($11.78) and gave the stock an "overweight" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 687.50 ($9.00).

Read Our Latest Report on Babcock International Group

Babcock International Group Stock Performance

The stock has a market cap of £3.44 billion, a PE ratio of 20.72, a P/E/G ratio of 1.35 and a beta of 1.28. The firm's 50-day moving average is GBX 683.89 and its 200 day moving average is GBX 562.94. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86.

About Babcock International Group

(Get Free Report)

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.

Further Reading

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