Shares of Babcock International Group PLC (LON:BAB – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 557.89 ($7.13) and traded as high as GBX 704.50 ($9.00). Babcock International Group shares last traded at GBX 691 ($8.83), with a volume of 3,577,245 shares traded.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Babcock International Group from GBX 760 ($9.71) to GBX 900 ($11.50) and gave the company an “overweight” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Babcock International Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 687.50 ($8.78).
Check Out Our Latest Stock Analysis on BAB
Babcock International Group Stock Up 5.4 %
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.
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