Babcock International Group (LON:BAB) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 536.26 ($6.92) and traded as high as GBX 735.50 ($9.50). Babcock International Group shares last traded at GBX 717 ($9.26), with a volume of 12,764,812 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Babcock International Group from GBX 760 ($9.81) to GBX 900 ($11.62) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 687.50 ($8.88).

Babcock International Group Stock Performance

The firm has a market cap of £3.60 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The firm’s 50 day moving average is GBX 617.09 and its 200-day moving average is GBX 536.26. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86.

Babcock International Group Company Profile

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.