Berenberg Bank Boosts Babcock International Group (LON:BAB) Price Target to GBX 1,350

Babcock International Group (LON:BABGet Free Report) had its price target lifted by stock analysts at Berenberg Bank from GBX 910 ($12.49) to GBX 1,350 ($18.53) in a research note issued on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 19.31% from the company’s previous close.

Several other analysts have also weighed in on BAB. JPMorgan Chase & Co. upped their target price on Babcock International Group from GBX 760 ($10.43) to GBX 900 ($12.35) and gave the company an “overweight” rating in a report on Monday, March 3rd. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Thursday, May 29th.

View Our Latest Analysis on Babcock International Group

Babcock International Group Stock Performance

LON BAB opened at GBX 1,131.55 ($15.53) on Thursday. The business’s 50 day moving average is GBX 933.82 and its two-hundred day moving average is GBX 722.27. Babcock International Group has a 12-month low of GBX 455.40 ($6.25) and a 12-month high of GBX 1,177 ($16.15). The stock has a market capitalization of £5.68 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62.

Babcock International Group (LON:BABGet Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. Research analysts expect that Babcock International Group will post 41.4298019 EPS for the current year.

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.

Further Reading

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.