Babcock International Group PLC (LON:BAB)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $496.86 and traded as high as $477.50. Babcock International Group shares last traded at $476.10, with a volume of 851,857 shares trading hands.
Several brokerages have recently commented on BAB. Goldman Sachs Group lowered Babcock International Group to a “neutral” rating and decreased their price target for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a research note on Thursday, May 30th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Thursday, June 6th. Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Monday, July 15th. lowered Babcock International Group to a “hold” rating and decreased their target price for the stock from GBX 650 ($8.49) to GBX 485 ($6.34) in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Babcock International Group in a research note on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 621.44 ($8.12).
The company has a 50 day moving average of GBX 460.05 and a 200-day moving average of GBX 496.35. The company has a debt-to-equity ratio of 48.99, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market cap of $2.46 billion and a price-to-earnings ratio of 12.35.
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.
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