Babcock International Group (LON:BAB) Price Target Raised to GBX 1,700 at JPMorgan Chase & Co.

Babcock International Group (LON:BAB) had its price target raised by equities research analysts at JPMorgan Chase & Co. from GBX 1,600 to GBX 1,700 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 16.76% from the stock’s previous close.

Several other equities analysts have also commented on BAB. Royal Bank Of Canada increased their price objective on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Jefferies Financial Group boosted their price objective on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a research note on Monday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,670 price objective on shares of Babcock International Group in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Babcock International Group currently has a consensus rating of “Buy” and an average target price of GBX 1,580.

Babcock International Group Price Performance

Shares of LON:BAB traded down GBX 9.75 during trading on Monday, hitting GBX 1,456. 3,788,699 shares of the company’s stock were exchanged, compared to its average volume of 3,831,485. The business’s 50-day simple moving average is GBX 1,273.13 and its 200 day simple moving average is GBX 1,176.06. The company has a market cap of £7.26 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group has a 52-week low of GBX 510.50 and a 52-week high of GBX 1,527. 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) last issued its earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. As a group, equities analysts predict that Babcock International Group will post 41.4298019 EPS for the current year.

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. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.