Babcock International Group (LON:BAB) Trading 10.9% Higher - Should You Buy?

Babcock International Group PLC (LON:BAB - Get Free Report) shot up 10.9% during trading on Thursday . 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 traded 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).

Analysts Set New Price Targets

A number of research firms have recently commented on BAB. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised their price objective on Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 910 ($12.43) price target on shares of Babcock International Group in a research note on Wednesday, May 21st.

Babcock International Group Stock Performance

The company has a market capitalization of £5.82 billion, a P/E ratio of 35.09, a PEG ratio of 1.35 and a beta of 1.28. The stock has a fifty day simple moving average of GBX 917.67 and a 200-day simple moving average of GBX 713.34. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62.

Babcock International Group (LON:BAB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. Equities analysts forecast 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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