Babcock International Group PLC (LON:BAB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 670.90 ($9.10) and traded as high as GBX 1,059 ($14.37). Babcock International Group shares last traded at GBX 1,046 ($14.19), with a volume of 1,828,586 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on BAB shares. JPMorgan Chase & Co. raised their price target on shares of Babcock International Group from GBX 760 ($10.31) to GBX 900 ($12.21) and gave the company an "overweight" rating in a report on Monday, March 3rd. Berenberg Bank restated a "buy" rating and set a GBX 910 ($12.35) price target on shares of Babcock International Group in a report on Wednesday, May 21st. Finally, Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th.
Get Our Latest Research Report on Babcock International Group
Babcock International Group Stock Up 1.9%
The business's 50 day moving average is GBX 859.02 and its 200-day moving average is GBX 683.19. 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 firm has a market capitalization of £5.28 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.
About Babcock International Group
(
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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.
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