Babcock International Group (LON:BAB) Trading 10.9% Higher - Here's Why

Babcock International Group PLC (LON:BAB - Get Free Report) shares traded 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). 5,317,567 shares traded hands during trading, a decline of 2% from the average session volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.11).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BAB shares. JPMorgan Chase & Co. raised their price objective on shares of 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 report on Thursday, May 29th. Finally, Berenberg Bank upped their price target on shares of Babcock International Group from GBX 910 ($12.43) to GBX 1,350 ($18.45) and gave the stock a "buy" rating in a report on Thursday.

Babcock International Group Stock Up 1.1%

The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The company has a fifty day moving average price of GBX 917.67 and a 200 day moving average price of GBX 713.34. The company has a market cap of £5.80 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB - Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) earnings per share (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, analysts anticipate that Babcock International Group PLC will post 41.4298019 EPS for the current 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.