Babcock International Group (LON:BAB) Reaches New 52-Week High – Should You Buy?

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BAB shares. Berenberg Bank restated a “hold” rating and issued a GBX 565 ($7.16) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Price Performance

The company has a market capitalization 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. The company has a fifty day simple moving average of GBX 538.73 and a two-hundred day simple moving average of GBX 512.69. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86.

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.