Babcock International Group (LON:BAB) Stock Crosses Above 200 Day Moving Average - Here's Why

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 763.28 ($10.25) and traded as high as GBX 1,085 ($14.57). Babcock International Group shares last traded at GBX 1,076 ($14.45), with a volume of 967,991 shares changing hands.

Analyst Upgrades and Downgrades

BAB has been the topic of a number of research analyst reports. Berenberg Bank increased their price objective on shares of Babcock International Group from GBX 910 ($12.22) to GBX 1,350 ($18.13) and gave the company a "buy" rating in a research report on Thursday, June 26th. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th.

Babcock International Group Stock Down 1.5%

The business has a 50-day moving average price of GBX 993.74 and a 200 day moving average price of GBX 766.97. The stock has a market capitalization of £5.42 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62.

Babcock International Group (LON:BAB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.68) EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, equities analysts expect that Babcock International Group PLC will post 41.4298019 EPS 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.