Babcock International Group (LON:BAB) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Babcock International Group PLC (LON:BAB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,272.97 and traded as high as GBX 1,379. Babcock International Group shares last traded at GBX 1,369, with a volume of 5,214,505 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BAB. 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 report on Monday, January 26th. Citigroup lowered Babcock International Group to a “neutral” rating and boosted their target price for the company from GBX 1,338 to GBX 1,554 in a research report on Thursday, February 5th. Royal Bank Of Canada upped their target price on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,670 price target on shares of Babcock International Group in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Babcock International Group presently has an average rating of “Moderate Buy” and an average target price of GBX 1,574.80.

Babcock International Group Stock Performance

The firm has a fifty day moving average price of GBX 1,413.26 and a 200 day moving average price of GBX 1,272.97. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a market cap of £6.82 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94.

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.