Babcock International Group (LON:BAB) Stock Crosses Above 200 Day Moving Average of $299.78

Babcock International Group PLC (LON:BAB – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 299.78 ($3.65) and traded as high as GBX 313.40 ($3.82). Babcock International Group shares last traded at GBX 308.40 ($3.76), with a volume of 964,205 shares trading hands.

Analyst Ratings Changes

BAB has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 425 ($5.18) target price on shares of Babcock International Group in a report on Tuesday, November 22nd. Peel Hunt reissued a “hold” rating and set a GBX 382 ($4.66) target price on shares of Babcock International Group in a research report on Wednesday, March 1st. Finally, Shore Capital reissued a “hold” rating on shares of Babcock International Group in a research report on Tuesday, November 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 401.75 ($4.90).

Babcock International Group Stock Down 0.1 %

The company has a market cap of £1.56 billion, a price-to-earnings ratio of 1,063.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.40. The company has a current ratio of 0.87, a quick ratio of 0.76 and a debt-to-equity ratio of 331.94. The firm’s fifty day moving average price is GBX 311.20 and its 200-day moving average price is GBX 299.78.

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.