Babcock International Group (LON:BAB) Stock Passes Above 200-Day Moving Average – Time to Sell?

Babcock International Group PLC (LON:BAB) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,272.97 and traded as high as GBX 1,379. Babcock International Group shares last traded at GBX 1,369, with a volume of 5,214,505 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BAB shares. 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. Berenberg Bank reiterated 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. 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 stock an “outperform” rating in a research note on Wednesday, November 26th. Jefferies Financial Group increased their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,574.80.

Babcock International Group Trading Down 4.1%

The firm’s 50 day moving average is GBX 1,412.24 and its 200 day moving average is GBX 1,273.79. The company has a debt-to-equity ratio of 147.82, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market capitalization of £6.66 billion, a PE ratio of 23.96, a P/E/G ratio of 1.35 and a beta of 0.94.

About Babcock International Group

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.