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

Shares of 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 traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 687.50 ($8.88).

Babcock International Group Price Performance

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 stock has a market capitalization of £3.60 billion, a PE ratio of 21.70, a PEG ratio of 1.35 and a beta of 1.28. The business has a fifty day moving average price of GBX 617.09 and a 200-day moving average price of GBX 536.26.

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.