Babcock International Group’s (BAB) “Buy” Rating Reaffirmed at Jefferies Financial Group

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They presently have a GBX 1,400 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 40.87% from the company’s current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Citigroup boosted their target price on shares of Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their target price on Babcock International Group from GBX 1,280 to GBX 1,400 and gave the company an “outperform” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group presently has a consensus rating of “Buy” and an average target price of GBX 4,306.

Babcock International Group Stock Up 4.4%

Shares of BAB stock traded up GBX 42 during trading hours on Wednesday, reaching GBX 993.80. 5,576,904 shares of the stock were exchanged, compared to its average volume of 24,002,521. The business’s fifty day moving average is GBX 1,051.01 and its two-hundred day moving average is GBX 1,239.60. The firm has a market capitalization of £4.86 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.35 and a beta of 0.89. Babcock International Group has a 12-month low of GBX 902.40 and a 12-month high of GBX 1,527. The company has a debt-to-equity ratio of 178.86, a current ratio of 0.80 and a quick ratio of 0.76.

Babcock International Group (LON:BAB) last issued its quarterly earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 4.08% and a return on equity of 31.57%. The company had revenue of GBX 517.77 billion during the quarter. As a group, research analysts expect that Babcock International Group will post 41.4298019 EPS for the current fiscal 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.