Jefferies Financial Group Forecasts Strong Price Appreciation for Babcock International Group (LON:BAB) Stock

Babcock International Group (LON:BAB) had its price objective lifted by investment analysts at Jefferies Financial Group from GBX 1,400 to GBX 1,670 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 14.30% from the company’s current price.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of 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. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada lifted their price target on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Babcock International Group presently has a consensus rating of “Buy” and an average price target of GBX 1,580.

Babcock International Group Stock Performance

Shares of LON BAB opened at GBX 1,461.08 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The company has a market capitalization of £7.28 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a 12 month low of GBX 514.50 and a 12 month high of GBX 1,527. The stock has a 50 day moving average of GBX 1,285.01 and a 200-day moving average of GBX 1,181.49.

Babcock International Group (LON:BAB) last announced its quarterly earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share (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 predict 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. 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.