Babcock International Group (LON:BAB) Hits New 12-Month High – What’s Next?

Babcock International Group PLC (LON:BAB) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 611 ($7.61) and last traded at GBX 611 ($7.61), with a volume of 1384085 shares trading hands. The stock had previously closed at GBX 596 ($7.42).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BAB. Shore Capital reissued 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 ($7.04) target price on shares of Babcock International Group in a research report on Wednesday, November 13th.

Babcock International Group Trading Down 0.2 %

The firm has a 50-day simple moving average of GBX 513.38 and a 200-day simple moving average of GBX 504.49. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. The stock has a market cap of £3.08 billion, a PE ratio of 1,906.25, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last issued its quarterly earnings data on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 43.29% and a net margin of 3.77%. Equities 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.