Babcock International Group (LON:BAB) Stock Crosses Above Two Hundred Day Moving Average of $443.92

Babcock International Group PLC (LON:BAB) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443.92 ($5.53) and traded as high as GBX 511 ($6.36). Babcock International Group shares last traded at GBX 504.50 ($6.28), with a volume of 544,157 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.35) price target on shares of Babcock International Group in a research report on Thursday, February 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Babcock International Group has a consensus rating of “Buy” and a consensus target price of GBX 526.80 ($6.56).

Babcock International Group Stock Performance

The company has a market capitalization of £2.54 billion, a PE ratio of 8,366.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The stock’s fifty day simple moving average is GBX 504.46 and its 200-day simple moving average is GBX 444.58. The company has a debt-to-equity ratio of 258.85, a quick ratio of 0.76 and a current ratio of 0.89.

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.