Babcock International Group (LON:BAB) Stock Crosses 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 Friday . The stock has a 200-day moving average of GBX 536.26 ($6.92) and traded as high as GBX 735.50 ($9.50). Babcock International Group shares last traded at GBX 717 ($9.26), with a volume of 12,764,812 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target on Babcock International Group from GBX 760 ($9.81) to GBX 900 ($11.62) and gave the company an “overweight” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 687.50 ($8.88).

Babcock International Group Stock Down 2.5 %

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 firm has a market cap of £3.60 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The stock’s fifty day moving average is GBX 617.09 and its two-hundred day moving average is GBX 536.26.

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.