Babcock International Group (LON:BAB) Sets New 12-Month High – Here’s Why

Shares of Babcock International Group PLC (LON:BAB) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,332 and last traded at GBX 1,331, with a volume of 3524947 shares traded. The stock had previously closed at GBX 1,280.96.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BAB. Royal Bank Of Canada boosted their target price on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Berenberg Bank increased their price objective 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. JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 1,450 to GBX 1,500 and gave the stock an “overweight” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 target price on shares of Babcock International Group in a report on Monday, November 24th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 1,405.

Babcock International Group Stock Performance

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The stock has a market capitalization of £6.64 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a 50 day simple moving average of GBX 1,195.12 and a 200-day simple moving average of GBX 1,137.81.

Babcock International Group (LON:BAB) last posted its quarterly earnings results 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%. On average, equities analysts forecast that Babcock International Group PLC 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. 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.