Babcock International Group (OTCMKTS:BCKIY) Shares Gap Up – Here’s What Happened

Babcock International Group PLC (OTCMKTS:BCKIY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $13.61, but opened at $14.40. Babcock International Group shares last traded at $14.2885, with a volume of 873 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on BCKIY shares. The Goldman Sachs Group upgraded Babcock International Group to a “hold” rating in a research report on Thursday, October 8th. Barclays upgraded Babcock International Group to a “strong-buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Babcock International Group has a consensus rating of “Buy”.

Babcock International Group Trading Down 0.0%

The business’s 50 day simple moving average is $13.17 and its two-hundred day simple moving average is $15.34. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.71 and a current ratio of 0.80.

About Babcock International Group

Babcock International Group is a United Kingdom-based engineering and support-services company focused on defence, aerospace and critical infrastructure. It provides services throughout the life cycle of complex assets, including engineering, maintenance, training and technical support. The company’s activities include supporting naval vessels and submarines, military equipment and vehicles, and military and civil aviation. It also works in the nuclear sector, providing services such as infrastructure support and decommissioning.