Babcock International Group (LON:BAB) Price Target Raised to GBX 1,670

Babcock International Group (LON:BAB) had its price objective lifted by research analysts at Jefferies Financial Group from GBX 1,400 to GBX 1,670 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.70% from the company’s previous close.

BAB has been the subject of several other reports. Royal Bank Of Canada upped their target price on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a report on Wednesday, November 26th. 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Babcock International Group from GBX 1,450 to GBX 1,500 and gave the company an “overweight” rating in a report on Monday, November 24th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,580.

Babcock International Group Price Performance

LON:BAB traded down GBX 9.75 during trading hours on Monday, reaching GBX 1,456. 3,788,699 shares of the company’s stock were exchanged, compared to its average volume of 3,831,485. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The company has a market capitalization of £7.26 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a 12 month low of GBX 510.50 and a 12 month high of GBX 1,527. The business’s 50-day simple moving average is GBX 1,273.13 and its two-hundred day simple moving average is GBX 1,176.06.

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

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. 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.