Babcock International Group (OTCMKTS:BCKIY) Shares Gap Up – Here’s Why

Babcock International Group PLC (OTCMKTS:BCKIY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $13.82, but opened at $14.41. Babcock International Group shares last traded at $14.41, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup raised Babcock International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Babcock International Group has a consensus rating of “Strong Buy”.

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Babcock International Group Stock Up 1.8%

The firm has a 50-day moving average price of $15.06 and a 200-day moving average price of $17.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.74 and a current ratio of 0.82.

About Babcock International Group

(Get Free Report)

Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.

The company’s core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.

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