Babcock International Group (LON:BAB) Stock Price Up 13.2% - Time to Buy?

Babcock International Group PLC (LON:BAB - Get Free Report)'s stock price traded up 13.2% during trading on Wednesday . The stock traded as high as GBX 1,176 ($16.14) and last traded at GBX 1,169 ($16.04). 48,362,152 shares were traded during trading, an increase of 739% from the average session volume of 5,764,544 shares. The stock had previously closed at GBX 1,033 ($14.18).

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Babcock International Group from GBX 760 ($10.43) to GBX 900 ($12.35) and gave the company an "overweight" rating in a report on Monday, March 3rd. Berenberg Bank increased their price objective on Babcock International Group from GBX 910 ($12.49) to GBX 1,350 ($18.53) and gave the stock a "buy" rating in a report on Thursday. Finally, Shore Capital reissued a "buy" rating on shares of Babcock International Group in a report on Thursday, May 29th.

Babcock International Group Price Performance

The business has a fifty day moving average of GBX 933.82 and a 200-day moving average of GBX 722.27. The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a market capitalization of £5.68 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts forecast 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.