Babcock International Group (LON:BAB) Shares Cross Above Two Hundred Day Moving Average of $443.92

Shares of Babcock International Group PLC (LON:BAB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443.92 ($5.53) and traded as high as GBX 511 ($6.36). Babcock International Group shares last traded at GBX 504.50 ($6.28), with a volume of 544,157 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 510 ($6.35) target price on shares of Babcock International Group in a report on Thursday, February 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 526.80 ($6.56).

Babcock International Group Price Performance

The stock’s 50-day simple moving average is GBX 504.46 and its two-hundred day simple moving average is GBX 444.58. The company has a market capitalization of £2.54 billion, a price-to-earnings ratio of 8,366.67, a PEG ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 258.85.

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.