Babcock International Group (LON:BAB) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Babcock International Group PLC (LON:BABGet 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 %

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The company has a market capitalization of £3.47 billion, a P/E ratio of 20.91, a PEG ratio of 1.35 and a beta of 1.28. The firm’s 50 day moving average price is GBX 672.67 and its two-hundred day moving average price is GBX 557.89.

Babcock International Group Company Profile

(Get Free Report)

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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