Babcock International Group (LON:BAB) Trading 10.9% Higher on Analyst Upgrade

Babcock International Group PLC (LON:BAB - Get Free Report) rose 10.9% during trading 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). Approximately 5,317,567 shares changed hands during trading, a decline of 2% from the average daily volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.17).

Several other brokerages have also 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 ($10.43) to GBX 900 ($12.35) and gave the company an "overweight" rating in a research report on Monday, March 3rd.

Babcock International Group Stock Performance

The company has a market capitalization of £5.68 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.35 and a beta of 1.28. The stock has a 50-day moving average price of GBX 933.82 and a 200-day moving average price of GBX 725.38. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

Babcock International Group (LON:BAB - Get Free Report) last released 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%. As a group, analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share 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.