Babcock International Group PLC (LON:BAB - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 523.41 ($6.78) and traded as high as GBX 711 ($9.21). Babcock International Group shares last traded at GBX 706 ($9.14), with a volume of 137,139,297 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently weighed in on BAB. Berenberg Bank reissued a "hold" rating and issued a GBX 565 ($7.31) price objective on shares of Babcock International Group in a research note on Wednesday, November 13th. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on Babcock International Group from GBX 760 ($9.84) to GBX 900 ($11.65) and gave the company an "overweight" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 687.50 ($8.90).
View Our Latest Analysis on BAB
Babcock International Group Stock Performance
The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The company's 50-day moving average price is GBX 574.68 and its two-hundred day moving average price is GBX 523.41. The company has a market capitalization of £3.54 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.35 and a beta of 1.28.
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.
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