Babcock International Group PLC (LON:BAB - Get Free Report)'s share price was up 10.9% on Wednesday . The stock traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). Approximately 5,317,567 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.11).
Wall Street Analyst Weigh In
A number of brokerages have issued reports on BAB. JPMorgan Chase & Co. boosted their target price on Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the company an "overweight" rating in a research report on Monday, March 3rd. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 910 ($12.43) target price on shares of Babcock International Group in a research report on Wednesday, May 21st.
Check Out Our Latest Research Report on Babcock International Group
Babcock International Group Price Performance
The company's 50-day simple moving average is GBX 917.67 and its 200 day simple moving average is GBX 713.34. The company has a market cap of £5.75 billion, a PE ratio of 34.67, a PEG ratio of 1.35 and a beta of 1.28. 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 (LON:BAB - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.
About Babcock International Group
(
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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