Royal Bank Of Canada Cuts Babcock International Group (LON:BAB) Price Target to GBX 1,390

Babcock International Group (LON:BAB) had its price objective reduced by Royal Bank Of Canada from GBX 1,400 to GBX 1,390 in a research report report published on Monday,Digital Look reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of Babcock International Group from £155.40 to £155.60 and gave the company a “buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,400 price objective on shares of Babcock International Group in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 4,304.

Babcock International Group Trading Up 2.5%

Babcock International Group stock opened at GBX 1,107.22 on Monday. The business has a 50 day moving average price of GBX 1,026.80 and a two-hundred day moving average price of GBX 1,216.43. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86. Babcock International Group has a 12 month low of GBX 902.40 and a 12 month high of GBX 1,527. The stock has a market cap of £5.42 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Babcock International Group (LON:BAB) last released its quarterly earnings data on Monday, June 22nd. The company reported GBX 42.10 earnings per share (EPS) for the quarter. The business had revenue of GBX 517.77 billion for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%. As a group, equities analysts forecast 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.