Babcock International Group PLC (LON:BAB) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 300.90 ($3.93). Babcock International Group shares last traded at GBX 296.60 ($3.88), with a volume of 1,179,407 shares traded.
A number of equities research analysts recently commented on BAB shares. Morgan Stanley increased their price target on Babcock International Group from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the stock an “equal weight” rating in a research report on Friday, April 16th. JPMorgan Chase & Co. raised Babcock International Group to an “overweight” rating and upped their price objective for the stock from GBX 270 ($3.53) to GBX 350 ($4.57) in a report on Wednesday, April 14th. Liberum Capital reaffirmed a “buy” rating and set a GBX 350 ($4.57) price objective on shares of Babcock International Group in a report on Tuesday, April 13th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Babcock International Group in a report on Tuesday, April 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 460.33 ($6.01).
The company’s 50 day simple moving average is GBX 289.87. The company has a debt-to-equity ratio of 100.36, a quick ratio of 0.87 and a current ratio of 1.01. The company has a market capitalization of £1.54 billion and a P/E ratio of -5.55.
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company's Marine segment offers life support services for naval ships, and infrastructure. Its Nuclear segment provides submarines and complex engineering services in support of various decommissioning programs and projects, training and operation support, new build program management, and design and installation.
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