Babcock International Group (LON:BAB) Shares Up 10.9% - Should You Buy?

Babcock International Group PLC (LON:BAB - Get Free Report) shares were 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 changed hands during 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).

Analyst Upgrades and Downgrades

Several brokerages have commented on BAB. Berenberg Bank reiterated a "buy" rating and issued a GBX 910 ($12.43) price target on shares of Babcock International Group in a research note on Wednesday, May 21st. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the company an "overweight" rating in a research note on Monday, March 3rd.

Babcock International Group Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The firm's 50-day moving average price is GBX 917.67 and its 200-day moving average price is GBX 713.34. The stock has a market capitalization of £5.75 billion, a PE ratio of 34.67, a PEG 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) 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, 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.

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