Babcock International Group (LON:BAB) Trading Up 10.9% - Still a Buy?

Babcock International Group PLC (LON:BAB - Get Free Report) was up 10.9% during trading on Thursday . The stock traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). Approximately 5,317,567 shares were traded during mid-day 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 firms have recently commented on BAB. JPMorgan Chase & Co. raised their target price 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 report on Monday, March 3rd. Berenberg Bank reissued a "buy" rating and issued a GBX 910 ($12.43) price target on shares of Babcock International Group in a research note on Wednesday, May 21st. Finally, Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Thursday, May 29th.

Babcock International Group Stock Performance

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

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 net margin of 3.77% and a return on equity of 44.68%. On average, sell-side analysts predict that Babcock International Group PLC will post 41.4298019 EPS for the current fiscal 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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