Babcock International Group (LON:BAB) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Babcock International Group PLC (LON:BAB)’s share price 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 traded.

Analyst Ratings Changes

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

Babcock International Group Stock Down 2.5 %

The business has a fifty day moving average price of GBX 617.09 and a two-hundred day moving average price of GBX 536.26. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The company has a market cap of £3.60 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.35 and a beta of 1.28.

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.