Babcock International Group (LON:BAB) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Babcock International Group (LON:BAB) had its price target lifted by analysts at Berenberg Bank from GBX 910 ($12.43) to GBX 1,350 ($18.45) in a report released on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 16.58% from the company’s current price.

A number of other equities analysts have also recently issued reports on BAB. JPMorgan Chase & Co. upped their price objective on shares of Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Thursday, May 29th.

Babcock International Group Trading Up 1.2%

Shares of BAB opened at GBX 1,158 ($15.82) on Thursday. 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 455.40 ($6.22) and a 52-week high of GBX 1,177 ($16.08). The firm has a market cap of £5.81 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.35 and a beta of 1.28. The business’s fifty day moving average is GBX 917.67 and its 200-day moving average is GBX 713.34.

Babcock International Group (LON:BAB) last released its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) 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%. Equities analysts anticipate that Babcock International Group will post 41.4298019 EPS for the current fiscal 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.