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

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 1,223.28 and traded as high as GBX 1,422. Babcock International Group shares last traded at GBX 1,420, with a volume of 1,143,535 shares.

Analysts Set New Price Targets

BAB has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Berenberg Bank restated a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a research report on Friday, January 23rd. Jefferies Financial Group upped their target price on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a research note on Monday, January 26th. Citigroup downgraded Babcock International Group to a “neutral” rating and lifted their price target for the company from GBX 1,338 to GBX 1,554 in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an “overweight” rating in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,574.80.

Babcock International Group Stock Performance

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The company has a 50 day simple moving average of GBX 1,372.38 and a 200-day simple moving average of GBX 1,224.79. The firm has a market cap of £7.08 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last posted its quarterly earnings results on Friday, November 21st. The company reported GBX 28.50 EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. As a group, equities research analysts anticipate that Babcock International Group PLC will post 41.4298019 EPS for the current year.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.