Shares of Babcock International Group PLC (LON:BAB – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 546.82 ($7.10) and traded as high as GBX 733 ($9.52). Babcock International Group shares last traded at GBX 724 ($9.40), with a volume of 1,173,932 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 760 ($9.87) to GBX 900 ($11.69) and gave the company an “overweight” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 687.50 ($8.93).
Babcock International Group Stock Performance
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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