Babcock International Group (LON:BAB) Share Price Passes Above 200 Day Moving Average – Here’s Why

Babcock International Group PLC (LON:BAB) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 670.90 ($9.09) and traded as high as GBX 1,059 ($14.35). Babcock International Group shares last traded at GBX 1,046 ($14.18), with a volume of 1,828,586 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on BAB. JPMorgan Chase & Co. upped their price objective on shares of Babcock International Group from GBX 760 ($10.30) to GBX 900 ($12.20) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Thursday, May 29th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 910 ($12.33) price target on shares of Babcock International Group in a research report on Wednesday, May 21st.

Babcock International Group Price Performance

The firm has a market capitalization of £5.25 billion, a P/E ratio of 31.65, a P/E/G ratio of 1.35 and a beta of 1.28. 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 firm’s 50 day simple moving average is GBX 830.79 and its two-hundred day simple moving average is GBX 670.90.

About Babcock International Group

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.