Babcock International Group (LON:BAB) Hits New 52-Week High - Time to Buy?

Babcock International Group PLC (LON:BAB - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 820.50 ($10.90) and last traded at GBX 815.50 ($10.83), with a volume of 2570412 shares trading hands. The stock had previously closed at GBX 803.50 ($10.67).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BAB shares. Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a report on Wednesday, April 23rd. Berenberg Bank reissued a "buy" rating and issued a GBX 885 ($11.76) price target on shares of Babcock International Group in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Babcock International Group from GBX 760 ($10.10) to GBX 900 ($11.96) and gave the stock an "overweight" rating in a report on Monday, March 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Babcock International Group has an average rating of "Buy" and a consensus target price of GBX 767.50 ($10.20).

Babcock International Group Price 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 company has a 50 day simple moving average of GBX 726.98 and a 200-day simple moving average of GBX 590.19. The stock has a market cap of £4.22 billion, a price-to-earnings ratio of 25.48, a PEG 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.