Babcock International Group (LON:BAB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Babcock International Group (LON:BAB) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,600 to GBX 1,700 in a research report issued on Monday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.35% from the company’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada increased their target price on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,670 price objective on shares of Babcock International Group in a research report on Friday, January 23rd. Finally, Jefferies Financial Group boosted their target price on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group presently has an average rating of “Buy” and a consensus target price of GBX 1,580.

Babcock International Group Stock Performance

LON:BAB opened at GBX 1,461.08 on Monday. The business’s fifty day moving average is GBX 1,285.01 and its 200 day moving average is GBX 1,181.49. The firm has a market cap of £7.28 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. Babcock International Group has a 52-week low of GBX 514.50 and a 52-week high of GBX 1,527.

Babcock International Group (LON:BAB) last posted its earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. Research analysts predict 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. 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.