Jefferies Financial Group Reaffirms “Buy” Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1,670 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 66.00% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a report on Friday, January 23rd. Citigroup upgraded Babcock International Group to a “buy” rating and set a GBX 1,554 price objective on the stock in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an “overweight” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,574.80.

Babcock International Group Price Performance

LON:BAB opened at GBX 1,006 on Wednesday. The firm’s fifty day moving average is GBX 1,245.65 and its two-hundred day moving average is GBX 1,276.69. The firm has a market cap of £4.92 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82. Babcock International Group has a one year low of GBX 816.50 and a one year high of GBX 1,527.

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.