Babcock International Group (LON:BAB) Stock Crosses Above 200 Day Moving Average of $498.69

Babcock International Group PLC (LON:BAB) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 498.69 ($6.39) and traded as high as GBX 539.50 ($6.91). Babcock International Group shares last traded at GBX 539.50 ($6.91), with a volume of 675,780 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 625 ($8.01) price target on shares of Babcock International Group in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Babcock International Group currently has a consensus rating of “Buy” and an average target price of GBX 559.80 ($7.17).

Babcock International Group Stock Performance

The business’s 50-day moving average price is GBX 534.87 and its 200-day moving average price is GBX 499.90. The company has a debt-to-equity ratio of 258.85, a quick ratio of 0.76 and a current ratio of 0.89. The stock has a market cap of £2.69 billion, a P/E ratio of 8,866.67, a P/E/G ratio of 1.35 and a beta of 1.27.

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.