Babcock International Group PLC (LON:BAB - Get Free Report) shot up 10.9% during trading 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 changed 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 Analyst Weigh In
A number of research analysts have weighed in on the stock. Berenberg Bank boosted their price objective on shares of Babcock International Group from GBX 910 ($12.43) to GBX 1,350 ($18.45) and gave the company a "buy" rating in a research report on Thursday. 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 stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Shore Capital restated a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th.
Get Our Latest Report on BAB
Babcock International Group Stock Performance
The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The stock has a market cap of £5.80 billion, a PE ratio of 35.01, a P/E/G ratio of 1.35 and a beta of 1.28. The business's 50-day moving average price is GBX 917.67 and its 200-day moving average price is 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) earnings per share 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.
About Babcock International Group
(
Get Free Report)
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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