Shares of Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 310.09 ($4.05) and traded as high as GBX 355.60 ($4.65). Babcock International Group shares last traded at GBX 355 ($4.64), with a volume of 3,629,283 shares trading hands.
Several brokerages have weighed in on BAB. Liberum Capital reiterated a “buy” rating and issued a GBX 375 ($4.90) price objective on shares of Babcock International Group in a research report on Monday, August 16th. Shore Capital restated a “hold” rating on shares of Babcock International Group in a report on Friday, August 13th. Barclays upgraded Babcock International Group to an “overweight” rating and upped their target price for the company from GBX 315 ($4.12) to GBX 424 ($5.54) in a report on Friday, August 27th. Finally, JPMorgan Chase & Co. upped their target price on Babcock International Group from GBX 445 ($5.81) to GBX 455 ($5.94) and gave the company an “overweight” rating in a report on Tuesday, September 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 378.50 ($4.95).
The stock has a market capitalization of £1.80 billion and a PE ratio of -1.04. The business has a 50 day moving average price of GBX 350.53 and a 200 day moving average price of GBX 310.85. The company has a debt-to-equity ratio of 957.11, a current ratio of 0.90 and a quick ratio of 0.77.
About Babcock International Group (LON:BAB)
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company's Marine segment offers life support services for naval ships, and infrastructure. Its Nuclear segment provides submarines and complex engineering services in support of various decommissioning programs and projects, training and operation support, new build program management, and design and installation.
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