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 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.
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