Babcock International Group (LON:BAB) Reaches New 12-Month High - Here's What Happened

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 922.50 ($12.41) and last traded at GBX 908.19 ($12.22), with a volume of 6541606 shares. The stock had previously closed at GBX 903 ($12.15).

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BAB shares. Berenberg Bank restated a "buy" rating and set a GBX 910 ($12.24) target price on shares of Babcock International Group in a report on Wednesday, May 21st. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Babcock International Group from GBX 760 ($10.23) to GBX 900 ($12.11) and gave the stock an "overweight" rating in a report on Monday, March 3rd.

Babcock International Group Trading Up 1.4%

The stock has a market cap of £4.70 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The company's 50-day moving average price is GBX 793.10 and its 200 day moving average price is GBX 647.60.

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.