Babcock International Group (LON:BAB) Stock Price Passes Above 200 Day Moving Average of $494.60

Babcock International Group PLC (LON:BAB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $494.60 and traded as high as $555.00. Babcock International Group shares last traded at $553.60, with a volume of 1,835,137 shares traded.

Several brokerages recently weighed in on BAB. Peel Hunt restated a “hold” rating and issued a GBX 561 ($7.33) price target (up previously from GBX 461 ($6.02)) on shares of Babcock International Group in a research report on Wednesday, September 25th. Liberum Capital restated a “buy” rating and issued a GBX 720 ($9.41) price target on shares of Babcock International Group in a research report on Thursday, October 10th. Finally, Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 612.56 ($8.00).

The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 48.99. The firm’s 50 day simple moving average is GBX 534.24 and its 200 day simple moving average is GBX 495.13. The company has a market capitalization of $2.82 billion and a PE ratio of 14.20.

Babcock International Group Company Profile (LON:BAB)

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 delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

Further Reading: What is channel trading?

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.