Babcock International Group (LON:BAB – Get 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
Babcock International Group (LON:BAB – Get 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
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.
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