Berenberg Bank Issues Positive Forecast for Babcock International Group (LON:BAB) Stock Price

Babcock International Group (LON:BAB - Free Report) had its price target boosted by Berenberg Bank from GBX 910 ($12.48) to GBX 1,350 ($18.52) in a report issued on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

BAB has been the subject of several other reports. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. JPMorgan Chase & Co. boosted 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 research report on Monday, March 3rd.

Babcock International Group Price Performance

Shares of LON BAB traded down GBX 25.45 ($0.35) during midday trading on Thursday, reaching GBX 1,131.55 ($15.52). The company's stock had a trading volume of 6,830,067 shares, compared to its average volume of 5,428,874. 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 has a fifty-two week low of GBX 455.40 ($6.25) and a fifty-two week high of GBX 1,177 ($16.15). The business's 50 day moving average price is GBX 933.82 and its two-hundred day moving average price is GBX 725.38. The company has a market cap of £5.68 billion, a P/E 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 released its quarterly earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, analysts forecast that Babcock International Group 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.