Babcock International Group (LON:BAB) Price Target Raised to GBX 1,700

Babcock International Group (LON:BAB) had its target price lifted by JPMorgan Chase & Co. from GBX 1,600 to GBX 1,700 in a research report sent to investors on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lifted their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada increased their target price on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Babcock International Group currently has an average rating of “Buy” and a consensus price target of GBX 1,580.

Babcock International Group Stock Up 0.9%

BAB stock opened at GBX 1,508 on Monday. The company has a 50 day moving average price of GBX 1,292.73 and a two-hundred day moving average price of GBX 1,183.77. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market capitalization of £7.52 billion, a P/E ratio of 27.03, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group has a one year low of GBX 521 and a one year high of GBX 1,527.

Babcock International Group (LON:BAB) last issued its quarterly earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. As a group, sell-side analysts expect that Babcock International Group will post 41.4298019 EPS for the current year.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.