Babcock International Group (LON:BAB) Shares Pass Above 200-Day Moving Average of $304.53

Babcock International Group PLC (LON:BAB – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 304.53 ($3.72) and traded as high as GBX 307.60 ($3.75). Babcock International Group shares last traded at GBX 302.60 ($3.69), with a volume of 637,983 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on BAB shares. Berenberg Bank reissued a “buy” rating and set a GBX 425 ($5.19) target price on shares of Babcock International Group in a report on Tuesday, November 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Babcock International Group from GBX 510 ($6.22) to GBX 475 ($5.80) and set an “overweight” rating on the stock in a research note on Monday, November 7th. Barclays decreased their target price on shares of Babcock International Group from GBX 358 ($4.37) to GBX 325 ($3.97) and set an “equal weight” rating on the stock in a report on Thursday, October 6th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Babcock International Group in a report on Tuesday, November 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 408.33 ($4.98).

Babcock International Group Price Performance

The company has a debt-to-equity ratio of 331.94, a quick ratio of 0.76 and a current ratio of 0.87. The company has a market cap of £1.53 billion and a price-to-earnings ratio of 1,043.45. The business has a fifty day moving average price of GBX 291.05 and a 200 day moving average price of GBX 304.53.

Babcock International Group Company Profile

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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.