Babcock International Group (LON:BAB) Cut to Hold at Berenberg Bank

Berenberg Bank downgraded shares of Babcock International Group (LON:BAB) to a hold rating in a research note published on Wednesday, Marketbeat.com reports. The firm currently has GBX 565 ($7.33) price objective on the stock, up from their previous price objective of GBX 510 ($6.61).

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 625 ($8.11) price objective on shares of Babcock International Group in a report on Tuesday, May 7th. Shore Capital reissued a buy rating on shares of Babcock International Group in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Babcock International Group has an average rating of Moderate Buy and an average target price of GBX 570.80 ($7.40).

Babcock International Group Trading Down 3.2 %

LON BAB opened at GBX 495.60 ($6.43) on Wednesday. The stock has a 50-day simple moving average of GBX 534.84 and a 200 day simple moving average of GBX 504.75. The company has a market capitalization of £2.51 billion, a PE ratio of 8,260.00, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 258.85. Babcock International Group has a 12 month low of GBX 306.60 ($3.98) and a 12 month high of GBX 575 ($7.46).

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.