Babcock International Group (LON:BAB) Upgraded to Buy at Citigroup

Babcock International Group (LON:BAB) was upgraded by research analysts at Citigroup to a “buy” rating in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a GBX 1,554 price objective on the stock. Citigroup’s target price indicates a potential upside of 22.56% from the company’s previous close.

BAB has been the topic of several other research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a report on Friday, January 23rd. Jefferies Financial Group increased their price objective on 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. Finally, JPMorgan Chase & Co. boosted their target price on Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,574.80.

Babcock International Group Trading Up 9.5%

Shares of Babcock International Group stock traded up GBX 110 during trading hours on Wednesday, hitting GBX 1,268. The company’s stock had a trading volume of 2,818,395 shares, compared to its average volume of 10,333,276. The stock has a market cap of £6.32 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.35 and a beta of 0.94. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82. Babcock International Group has a twelve month low of GBX 600.94 and a twelve month high of GBX 1,527. The firm has a fifty day moving average of GBX 1,368.15 and a 200-day moving average of GBX 1,284.14.

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.