Babcock International Group (LON:BAB) Trading Up 10.9% After Analyst Upgrade

Shares of Babcock International Group PLC (LON:BAB - Get Free Report) shot up 10.9% on Thursday after Berenberg Bank raised their price target on the stock from GBX 910 to GBX 1,350. Berenberg Bank currently has a buy rating on the stock. Babcock International Group traded as high as GBX 1,177 ($16.15) and last traded at GBX 1,145.61 ($15.72). 5,317,567 shares were traded 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).

Several other equities research analysts have also weighed in on BAB. Shore Capital reiterated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th. JPMorgan Chase & Co. boosted their target price on Babcock International Group from GBX 760 ($10.43) to GBX 900 ($12.35) and gave the stock an "overweight" rating in a report on Monday, March 3rd.

Babcock International Group Stock Down 2.2%

The firm has a market capitalization of £5.68 billion, a price-to-earnings ratio of 34.24, a P/E/G 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. The firm has a fifty day moving average price of GBX 933.82 and a 200 day moving average price of GBX 725.38.

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 return on equity of 44.68% and a net margin of 3.77%. Sell-side analysts anticipate that Babcock International Group PLC will post 41.4298019 EPS for the current fiscal year.

About Babcock International Group

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.