Citigroup Forecasts Strong Price Appreciation for Babcock International Group (LON:BAB) Stock

Babcock International Group (LON:BABGet Free Report) had its price target increased by equities researchers at Citigroup from £155.40 to £155.60 in a research note issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock.

BAB has been the topic of a number of other research reports. Royal Bank Of Canada increased their price objective on Babcock International Group from GBX 1,280 to GBX 1,400 and gave the company an “outperform” rating in a research note on Friday, May 15th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,400 target price on shares of Babcock International Group in a research note on Monday. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 4,306.

Read Our Latest Research Report on Babcock International Group

Babcock International Group Price Performance

Shares of LON:BAB opened at GBX 986.40 on Wednesday. The company has a debt-to-equity ratio of 178.86, a quick ratio of 0.76 and a current ratio of 0.80. The business’s fifty day moving average price is GBX 1,080.05 and its two-hundred day moving average price is GBX 1,246.95. The stock has a market cap of £4.83 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Babcock International Group has a one year low of GBX 934.76 and a one year high of GBX 1,527.

Babcock International Group (LON:BABGet Free Report) last released its quarterly earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%.The company had revenue of GBX 517.77 billion during the quarter. On average, analysts forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal year.

Key Headlines Impacting Babcock International Group

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Babcock International Group Company Profile

(Get Free Report)

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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