Babcock International Group PLC (LON:BAB) Receives GBX 1,574.80 Consensus Target Price from Brokerages

Shares of Babcock International Group PLC (LON:BAB) have been given an average recommendation of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,574.80.

A number of research analysts recently issued reports on BAB shares. Jefferies Financial Group raised their price objective 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, January 26th. Citigroup upgraded shares of Babcock International Group to a “buy” rating and set a GBX 1,554 price target for the company in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,670 price objective on shares of Babcock International Group in a research note on Friday, January 23rd.

Babcock International Group Stock Performance

Shares of BAB stock opened at GBX 1,276 on Friday. The firm has a market capitalization of £6.36 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.35 and a beta of 0.94. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 147.82. The business’s 50-day moving average price is GBX 1,359.99 and its 200-day moving average price is GBX 1,283.97. Babcock International Group has a 12 month low of GBX 600.94 and a 12 month high of GBX 1,527.

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.