Babcock International Group PLC (LON:BAB - Get Free Report) shares rose 10.9% during trading on Wednesday . The company traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). Approximately 5,317,567 shares traded 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).
Analysts Set New Price Targets
Several research analysts have recently issued reports on BAB shares. Berenberg Bank restated a "buy" rating and issued a GBX 910 ($12.43) price objective 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. lifted 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 report on Monday, March 3rd.
Get Our Latest Research Report on BAB
Babcock International Group Stock Up 10.9%
The business has a 50-day moving average price of GBX 917.67 and a 200-day moving average price of GBX 713.34. The stock has a market cap of £5.75 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62.
Babcock International Group (LON:BAB - Get Free Report) last posted 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 return on equity of 44.68% and a net margin of 3.77%. As a group, analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.
Babcock International Group Company Profile
(
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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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