Babcock International Group (LON:BAB) Shares Up 10.9% - What's Next?

Babcock International Group PLC (LON:BAB - Get Free Report)'s share price shot up 10.9% during mid-day trading on Wednesday . The stock traded as high as GBX 1,177 ($16.15) and last traded at GBX 1,145.61 ($15.72). 5,317,567 shares were traded during mid-day trading, a decline of 2% from the average session volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.18).

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAB. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. JPMorgan Chase & Co. upped 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. Finally, Berenberg Bank upped 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.

Babcock International Group Price Performance

The stock's fifty day moving average price is GBX 933.82 and its 200-day moving average price is GBX 722.27. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a market cap of £5.68 billion, a PE ratio of 34.24, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. As a group, equities analysts forecast that Babcock International Group PLC 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.