Babcock International Group (LON:BAB) Stock Passes Above 200 Day Moving Average of $494.78

Babcock International Group PLC (LON:BAB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $494.78 and traded as high as $512.60. Babcock International Group shares last traded at $496.50, with a volume of 2,064,369 shares traded.

Several equities analysts have recently issued reports on BAB shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 550 ($7.19) price objective on shares of Babcock International Group in a research note on Monday, June 17th. Numis Securities cut shares of Babcock International Group to an “add” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Babcock International Group in a research note on Tuesday, June 18th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 561 ($7.33) price objective (up previously from GBX 461 ($6.02)) on shares of Babcock International Group in a research note on Wednesday, September 25th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 632.56 ($8.27).

The firm’s 50-day moving average price is GBX 522.79 and its two-hundred day moving average price is GBX 494.78. The firm has a market capitalization of $2.51 billion and a PE ratio of 12.60. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 48.99.

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.

Featured Story: Why do companies issue convertible shares?

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.