Babcock International Group (LON:BAB) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Babcock International Group PLC (LON:BAB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,262.98 and traded as low as GBX 1,059.50. Babcock International Group shares last traded at GBX 1,063.36, with a volume of 1,375,085 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup upgraded shares of Babcock International Group to a “buy” rating and set a GBX 1,554 target price on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lowered their target price on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada increased their target price on shares of Babcock International Group from GBX 1,280 to GBX 1,400 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Babcock International Group has an average rating of “Buy” and a consensus price target of GBX 1,558.80.

Babcock International Group Stock Down 0.1%

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 firm has a market capitalization of £5.20 billion, a PE ratio of 19.03, a PEG ratio of 1.35 and a beta of 0.89. The company’s 50 day simple moving average is GBX 1,172.71 and its 200-day simple moving average is GBX 1,262.98.

Babcock International Group Company Profile

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.