Babcock International Group (LON:BAB) Stock Crosses Above Two Hundred Day Moving Average of $496.86

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.

In other Babcock International Group news, insider Archie Bethel sold 13,466 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of GBX 480 ($6.27), for a total value of £64,636.80 ($84,459.43). Also, insider Myles Lee purchased 5,000 shares of Babcock International Group stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of GBX 481 ($6.29) per share, for a total transaction of £24,050 ($31,425.58).

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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