Babcock International Group (LON:BAB) Hits New 12-Month High – What’s Next?

Babcock International Group PLC (LON:BAB) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 662 ($8.39) and last traded at GBX 659.40 ($8.36), with a volume of 893430 shares trading hands. The stock had previously closed at GBX 650 ($8.24).

Analyst Upgrades and Downgrades

BAB has been the topic of several recent analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 565 ($7.16) target price on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Stock Up 1.3 %

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 50 day moving average price of GBX 538.73 and a 200-day moving average price of GBX 512.69. The firm has a market cap of £3.30 billion, a price-to-earnings ratio of 19.93, 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.