Babcock International Group (LON:BAB) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Babcock International Group PLC (LON:BAB) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 546.82 ($7.06) and traded as high as GBX 733 ($9.47). Babcock International Group shares last traded at GBX 724 ($9.35), with a volume of 1,173,932 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Babcock International Group from GBX 760 ($9.82) to GBX 900 ($11.63) and gave the company an “overweight” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Babcock International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 687.50 ($8.88).

Babcock International Group Stock Down 1.8 %

The firm’s fifty day moving average is GBX 646.12 and its 200-day moving average is GBX 546.82. The company has a market capitalization of £3.63 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. 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.