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

Key Points

• Babcock shares crossed above its 200-day moving average, trading as high as GBX 1,379 and last at GBX 1,369 on a volume of 5,214,505 shares.
• Analyst sentiment is positive with five Buys and one Hold, an average rating of “Moderate Buy” and an average price target of GBX 1,574.80 after recent upgrades from RBC, Jefferies and JPMorgan (targets up to GBX 1,700).
• Key fundamentals: market cap £6.82bn, PE 24.53 and PEG 1.35, but a high debt-to-equity ratio of 147.82 and liquidity ratios below 1 (current 0.82, quick 0.76) indicating tight short-term balance-sheet flexibility.

Babcock International Group PLC (LON:BAB - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,272.97 and traded as high as GBX 1,379. Babcock International Group shares last traded at GBX 1,369, with a volume of 5,214,505 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada raised their price target on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an "outperform" rating in a research note on Wednesday, November 26th. Jefferies Financial Group boosted their price objective on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a "buy" rating in a research report on Monday, January 26th. JPMorgan Chase & Co. upped their price objective on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an "overweight" rating in a report on Monday, January 26th. Citigroup cut shares of Babcock International Group to a "neutral" rating and raised their target price for the stock from GBX 1,338 to GBX 1,554 in a research report on Thursday, February 5th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,670 target price on shares of Babcock International Group in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 1,574.80.

Babcock International Group Stock Up 0.2%

The company has a market cap of £6.82 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94. The company has a fifty day moving average of GBX 1,413.26 and a two-hundred day moving average of GBX 1,272.97. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.

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