Babcock International Group (LON:BAB) Price Target Raised to GBX 1,700

Babcock International Group (LON:BAB) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 1,600 to GBX 1,700 in a research note issued on Monday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.76% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Jefferies Financial Group increased their target price on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a “buy” rating in a research report on Monday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a report on Friday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 1,580.

Babcock International Group Stock Down 0.7%

Shares of Babcock International Group stock traded down GBX 9.75 during trading on Monday, hitting GBX 1,456. 3,788,699 shares of the stock traded hands, compared to its average volume of 3,831,485. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The stock’s fifty day simple moving average is GBX 1,273.13 and its 200 day simple moving average is GBX 1,176.06. The firm has a market cap of £7.26 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a 52-week low of GBX 510.50 and a 52-week high of GBX 1,527.

Babcock International Group (LON:BAB) last released its quarterly earnings data on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, equities analysts predict that Babcock International Group will post 41.4298019 earnings per share for the current fiscal year.

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.