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

Babcock International Group PLC (LON:BAB)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,192.15 and traded as high as GBX 1,437. Babcock International Group shares last traded at GBX 1,424, with a volume of 4,915,371 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on BAB. Royal Bank Of Canada increased their price objective on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a research note on Monday, January 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,670 price target on shares of Babcock International Group in a research note on Friday, January 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,580.

Babcock International Group Trading Down 0.8%

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The stock has a market capitalization of £7.10 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a 50-day moving average price of GBX 1,310.76 and a 200 day moving average price of GBX 1,192.15.

Babcock International Group (LON:BAB) last issued its quarterly earnings data on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, research analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.