Babcock International Group (LON:BAB) Sets New 1-Year High – Here’s Why

Babcock International Group PLC (LON:BAB) reached a new 52-week high on Friday . The company traded as high as GBX 753.50 ($9.76) and last traded at GBX 752.50 ($9.75), with a volume of 1461708 shares trading hands. The stock had previously closed at GBX 721.50 ($9.35).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on shares of Babcock International Group from GBX 760 ($9.84) to GBX 900 ($11.66) and gave the stock an “overweight” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 687.50 ($8.91).

Babcock International Group Stock Performance

The stock has a market capitalization of £3.78 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.35 and a beta of 1.28. The company’s 50-day simple moving average is GBX 587.40 and its 200-day simple moving average is GBX 527.26. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62.

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.