Royal Bank Of Canada Lowers Babcock International Group (LON:BAB) Price Target to GBX 1,390

Babcock International Group (LON:BAB) had its price target reduced by equities research analysts at Royal Bank Of Canada from GBX 1,400 to GBX 1,390 in a research note issued on Monday,Digital Look reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 28.64% from the stock’s previous close.

Several other research firms have also recently weighed in on BAB. JPMorgan Chase & Co. cut their price objective on 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. Citigroup increased their target price on Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,400 target price on shares of Babcock International Group in a research note on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 4,304.

Babcock International Group Trading Up 4.1%

Shares of BAB opened at GBX 1,080.50 on Monday. The firm’s 50-day moving average price is GBX 1,024.96 and its 200-day moving average price is GBX 1,217.39. The firm has a market capitalization of £5.29 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 178.86. Babcock International Group has a 1-year low of GBX 902.40 and a 1-year high of GBX 1,527.

Babcock International Group (LON:BAB) last announced its quarterly earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 4.08% and a return on equity of 31.57%. The company had revenue of GBX 517.77 billion for the quarter. Sell-side analysts anticipate 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.