JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Babcock International Group (LON:BAB) Stock

Babcock International Group (LON:BAB) had its price objective lifted by research analysts at JPMorgan Chase & Co. from GBX 1,450 to GBX 1,500 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 32.98% from the company’s previous close.

Several other research analysts also recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,400 price target on shares of Babcock International Group in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,200 price objective on shares of Babcock International Group in a research note on Monday, September 8th. Finally, Berenberg Bank boosted their target price on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the stock a “buy” rating in a research report on Friday, September 26th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 1,385.

Babcock International Group Stock Down 0.4%

BAB stock opened at GBX 1,128 on Monday. The stock has a market capitalization of £5.63 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a 50-day moving average of GBX 1,207.12 and a two-hundred day moving average of GBX 1,088.70. Babcock International Group has a 52-week low of GBX 478.70 and a 52-week high of GBX 1,332. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

Babcock International Group (LON:BAB) last posted its quarterly earnings data on Friday, November 21st. The company reported GBX 28.50 EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. As a group, equities research analysts anticipate that Babcock International Group will post 41.4298019 EPS for the current 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.