Babcock International Group (LON:BAB) Sets New 12-Month High on Analyst Upgrade

Babcock International Group PLC (LON:BAB)’s share price hit a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 760 to GBX 900. JPMorgan Chase & Co. currently has an overweight rating on the stock. Babcock International Group traded as high as GBX 746.50 ($9.62) and last traded at GBX 710.50 ($9.16), with a volume of 3440798 shares trading hands. The stock had previously closed at GBX 670.50 ($8.64).

Other equities analysts have also recently issued reports about the company. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and set a GBX 565 ($7.28) target price on shares of Babcock International Group in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 687.50 ($8.86).

Babcock International Group Stock Up 4.9 %

The firm has a market cap of £3.66 billion, a PE ratio of 22.07, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The firm has a 50 day moving average price of GBX 556.87 and a 200-day moving average price of GBX 518.24.

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.