Babcock International Group (LON:BAB) Reaches New 1-Year Low – Here’s Why

Shares of Babcock International Group PLC (LON:BAB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 925.52 and last traded at GBX 926, with a volume of 13883045 shares traded. The stock had previously closed at GBX 979.40.

Analyst Ratings Changes

BAB has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,400 target price on shares of Babcock International Group in a report on Monday, June 22nd. Royal Bank Of Canada increased their price target on Babcock International Group from GBX 1,280 to GBX 1,400 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Citigroup lifted their price target on Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 4,306.

Babcock International Group Price Performance

The business’s fifty day moving average is GBX 1,063.36 and its 200-day moving average is GBX 1,243.37. The company has a debt-to-equity ratio of 178.86, a current ratio of 0.80 and a quick ratio of 0.76. The firm has a market cap of £4.51 billion, a PE ratio of 16.52, a P/E/G ratio of 1.35 and a beta of 0.89.

Babcock International Group (LON:BAB) last released its earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share for the quarter. Babcock International Group had a net margin of 4.08% and a return on equity of 31.57%. The firm had revenue of GBX 517.77 billion for the quarter. On average, research analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal 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.