Babcock International Group (LON:BAB) Shares Cross Above 200-Day Moving Average – Time to Sell?

Babcock International Group PLC (LON:BAB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,192.15 and traded as high as GBX 1,437. Babcock International Group shares last traded at GBX 1,424, with a volume of 4,915,371 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a research note on Monday, January 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada upped their price target on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,580.

Babcock International Group Price Performance

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a 50 day simple moving average of GBX 1,310.76 and a two-hundred day simple moving average of GBX 1,192.15. The company has a market cap of £7.10 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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

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. 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.