Babcock International Group (LON:BAB) Sets New 1-Year High - Here's What Happened

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 980 ($13.31) and last traded at GBX 975.50 ($13.25), with a volume of 2896548 shares changing hands. The stock had previously closed at GBX 936 ($12.71).

Analyst Ratings Changes

BAB has been the topic of a number of research analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 910 ($12.36) price target on shares of Babcock International Group in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Babcock International Group from GBX 760 ($10.32) to GBX 900 ($12.22) and gave the company an "overweight" rating in a report on Monday, March 3rd.

Babcock International Group Stock Performance

The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The firm has a market capitalization of £5.54 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.35 and a beta of 1.28. The stock has a fifty day moving average of GBX 818.09 and a 200-day moving average of GBX 661.56.

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.