Babcock International Group (LON:BAB) Price Target Lowered to GBX 1,500 at JPMorgan Chase & Co.

Babcock International Group (LON:BAB) had its target price cut by equities research analysts at JPMorgan Chase & Co. from GBX 1,700 to GBX 1,500 in a report issued on Thursday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 50.18% from the company’s previous close.

Several other brokerages have also recently weighed in on BAB. Citigroup raised shares of Babcock International Group to a “buy” rating and set a GBX 1,554 price target for the company in a research note on Wednesday, April 1st. Berenberg Bank restated a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,534.80.

Babcock International Group Stock Down 1.6%

Shares of Babcock International Group stock opened at GBX 998.80 on Thursday. The business’s 50 day simple moving average is GBX 1,238.45 and its 200 day simple moving average is GBX 1,275.28. Babcock International Group has a 52-week low of GBX 816.50 and a 52-week high of GBX 1,527. The firm has a market cap of £4.89 billion, a PE ratio of 17.90, a P/E/G ratio of 1.35 and a beta of 0.89. 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 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.