Babcock International Group (LON:BAB) Earns “Buy” Rating from Berenberg Bank

Babcock International Group (LON:BABGet Free Report)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 1,670 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 12.61% from the company’s current price.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,400 price objective on shares of Babcock International Group in a report on Monday, November 24th. Royal Bank Of Canada boosted their price target on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on Babcock International Group from GBX 1,450 to GBX 1,500 and gave the company an “overweight” rating in a research note on Monday, November 24th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,462.50.

Read Our Latest Report on BAB

Babcock International Group Trading Up 1.3%

Shares of BAB stock opened at GBX 1,483 on Friday. The business’s fifty day moving average price is GBX 1,267.14 and its 200 day moving average price is GBX 1,172.35. Babcock International Group has a 1-year low of GBX 489.80 and a 1-year high of GBX 1,527. The firm has a market capitalization of £7.39 billion, a PE ratio of 26.58, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

Babcock International Group (LON:BABGet Free Report) last released its earnings results 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%. As a group, sell-side analysts forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal year.

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Babcock International Group Company Profile

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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.

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