Babcock International Group (LON:BAB) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Babcock International Group PLC (LON:BAB – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,165.29 and traded as high as GBX 1,525. Babcock International Group shares last traded at GBX 1,486, with a volume of 1,407,418 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 1,400 price objective on shares of Babcock International Group in a report on Monday, November 24th. Royal Bank Of Canada raised their price target on 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. JPMorgan Chase & Co. lifted their price target on Babcock International Group from GBX 1,450 to GBX 1,500 and gave the company an “overweight” rating in a report on Monday, November 24th. Finally, Berenberg Bank increased their price objective on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the stock a “buy” rating in a report on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Babcock International Group currently has an average rating of “Buy” and an average target price of GBX 1,405.

Read Our Latest Analysis on Babcock International Group

Babcock International Group Trading Up 0.3%

The stock has a market capitalization of £7.41 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a fifty day moving average of GBX 1,261.60 and a 200-day moving average of GBX 1,170.31.

Babcock International Group (LON:BAB – Get Free Report) last released its quarterly earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. As a group, equities analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

About Babcock International Group

(Get Free Report)

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.

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