Shares of Babcock International Group PLC (LON:BAB - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,176 ($16.14) and last traded at GBX 1,164.30 ($15.98), with a volume of 47025746 shares traded. The stock had previously closed at GBX 1,033 ($14.18).
Wall Street Analysts Forecast Growth
Several brokerages have commented on BAB. JPMorgan Chase & Co. lifted their price objective on shares of Babcock International Group from GBX 760 ($10.43) to GBX 900 ($12.35) and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. Finally, Berenberg Bank lifted their price objective on shares of Babcock International Group from GBX 910 ($12.49) to GBX 1,350 ($18.53) and gave the stock a "buy" rating in a research report on Thursday.
Read Our Latest Stock Analysis on Babcock International Group
Babcock International Group Trading Down 2.2%
The firm has a market cap of £5.68 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The firm's 50-day simple moving average is GBX 933.82 and its 200 day simple moving average is GBX 723.80.
Babcock International Group (LON:BAB - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. As a group, analysts expect that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.
Babcock International Group Company Profile
(
Get Free Report)
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.
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