Babcock International Group (LON:BAB) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 512.69 ($6.50) and traded as high as GBX 658 ($8.34). Babcock International Group shares last traded at GBX 650 ($8.24), with a volume of 1,040,417 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BAB. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.16) target price on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Stock Up 2.1 %

The firm has a market capitalization of £3.33 billion, a PE ratio of 20.08, a PEG ratio of 1.35 and a beta of 1.28. The company has a fifty day simple moving average of GBX 538.73 and a two-hundred day simple moving average of GBX 512.69. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86.

About Babcock International Group

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.