Babcock International Group (LON:BAB) Stock Price Up 10.9% - Still a Buy?

Babcock International Group PLC (LON:BAB - Get Free Report) shot up 10.9% during mid-day trading on Wednesday . The company traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). 5,317,567 shares were traded 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).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BAB. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th. 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. Finally, JPMorgan Chase & Co. increased their price target 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 note on Monday, March 3rd.

Babcock International Group Stock Performance

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 market cap of £5.75 billion, a PE ratio of 34.67, a PEG ratio of 1.35 and a beta of 1.28. The stock has a 50 day simple moving average of GBX 917.67 and a two-hundred day simple moving average of GBX 713.34.

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) EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. Equities analysts predict 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.

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