Babcock International Group (LON:BAB) Stock Passes Above 200 Day Moving Average of $443.92

Babcock International Group PLC (LON:BAB)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443.92 ($5.53) and traded as high as GBX 511 ($6.36). Babcock International Group shares last traded at GBX 504.50 ($6.28), with a volume of 544,157 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 510 ($6.35) price objective on shares of Babcock International Group in a report on Thursday, February 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Babcock International Group currently has a consensus rating of “Buy” and an average target price of GBX 526.80 ($6.56).

Babcock International Group Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 258.85. The stock’s 50 day moving average price is GBX 503.68 and its two-hundred day moving average price is GBX 443.92. The stock has a market cap of £2.54 billion, a price-to-earnings ratio of 8,408.33, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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.