Babcock International Group (LON:BAB) Issues Quarterly Earnings Results

Babcock International Group (LON:BAB - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported GBX 50.30 ($0.69) earnings per share for the quarter, Digital Look Earnings reports. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%.

Babcock International Group Trading Up 10.9%

LON BAB traded up GBX 112.61 ($1.54) on Wednesday, hitting GBX 1,145.61 ($15.65). 5,317,567 shares of the company were exchanged, compared to its average volume of 5,408,804. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. Babcock International Group has a twelve month low of GBX 455.40 ($6.22) and a twelve month high of GBX 1,177 ($16.08). The firm has a market capitalization of £5.75 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company's 50 day moving average price is GBX 909.54 and its 200-day moving average price is GBX 710.34.

Analyst Ratings Changes

A number of research firms recently commented on BAB. JPMorgan Chase & Co. boosted their target price 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 report on Monday, March 3rd. Berenberg Bank restated a "buy" rating and issued a GBX 910 ($12.43) price target on shares of Babcock International Group in a research report on Wednesday, May 21st. Finally, Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th.

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.