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

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price traded up 10.9% during trading on Wednesday . The company traded as high as GBX 1,177 ($16.15) and last traded at GBX 1,145.61 ($15.72). 5,317,567 shares traded hands 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 ($14.17).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports 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 company an "overweight" rating in a report on Monday, March 3rd. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. Finally, Berenberg Bank lifted their price objective on shares of Babcock International Group from GBX 910 ($12.48) to GBX 1,350 ($18.52) and gave the stock a "buy" rating in a research report on Thursday.

Babcock International Group Trading Down 2.2%

The firm's 50-day moving average price is GBX 933.82 and its 200-day moving average price is GBX 725.38. 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 company 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.

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 research analysts expect that Babcock International Group PLC will post 41.4298019 earnings per share 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.