Babcock International Group (LON:BAB) Sets New 52-Week High – What’s Next?

Babcock International Group PLC (LON:BAB)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 753.50 ($9.75) and last traded at GBX 752.50 ($9.73), with a volume of 1461708 shares trading hands. The stock had previously closed at GBX 721.50 ($9.33).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on Babcock International Group from GBX 760 ($9.83) to GBX 900 ($11.64) and gave the stock an “overweight” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 687.50 ($8.89).

Babcock International Group Price Performance

The business has a fifty day moving average of GBX 592.49 and a 200 day moving average of GBX 528.84. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market cap of £3.78 billion, a PE ratio of 22.77, a P/E/G ratio of 1.35 and a beta of 1.28.

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.