Babcock International Group (LON:BAB) Price Target Raised to GBX 1,360

Key Points

• Berenberg Bank has increased its price target for Babcock International Group stock from GBX 1,350 to GBX 1,360, indicating a potential upside of 25.23%.
• Babcock International Group currently holds a consensus rating of “Buy” among analysts, with an average target price of GBX 1,153.33 based on multiple reports.
• The company reported earnings of GBX 50.30 per share for the last quarter, and analysts expect it to post earnings of approximately GBX 41.43 per share for the current fiscal year.

Babcock International Group (LON:BAB - Get Free Report) had its price target increased by analysts at Berenberg Bank from GBX 1,350 to GBX 1,360 in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 24.66% from the company's current price.

Several other research firms have also recently commented on BAB. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research note on Thursday, May 29th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 1,200 price objective on shares of Babcock International Group in a research note on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 1,153.33.

Babcock International Group Stock Up 2.2%

Shares of BAB traded up GBX 23 on Friday, hitting GBX 1,091. The company's stock had a trading volume of 143,273,672 shares, compared to its average volume of 5,203,506. 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's fifty day moving average price is GBX 1,036.90 and its 200-day moving average price is GBX 902.56. Babcock International Group has a fifty-two week low of GBX 455.40 and a fifty-two week high of GBX 1,177. The firm has a market capitalization of £5.48 billion, a price-to-earnings ratio of 2,272.92, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported GBX 50.30 EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, equities research analysts expect that Babcock International Group will post 41.4298019 EPS for the current year.

Insiders Place Their Bets

In other Babcock International Group news, insider David Mellors sold 156,485 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of GBX 1,008, for a total value of £1,577,368.80. Also, insider David Lockwood sold 223,546 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of GBX 1,008, for a total value of £2,253,343.68. Over the last ninety days, insiders sold 469,739 shares of company stock worth $473,496,912. Insiders own 1.09% of the company's stock.

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.