Babcock International Group (LON:BAB) Price Target Cut to GBX 1,430 by Analysts at Berenberg Bank

Babcock International Group (LON:BAB) had its price target decreased by equities researchers at Berenberg Bank from GBX 1,675 to GBX 1,430 in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 25.33% from the stock’s current price.

A number of other research firms have also recently commented on BAB. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 price target on shares of Babcock International Group in a research note on Wednesday, July 1st. JPMorgan Chase & Co. cut their price objective on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Citigroup increased their price objective on shares of Babcock International Group from £155.40 to £155.60 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada lowered their target price on shares of Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating for the company in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 4,256.

Babcock International Group Stock Performance

Shares of BAB opened at GBX 1,141 on Monday. Babcock International Group has a 12 month low of GBX 902.40 and a 12 month high of GBX 1,527. The stock has a fifty day moving average price of GBX 1,044.82 and a 200-day moving average price of GBX 1,203.07. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 178.86. The firm has a market cap of £5.59 billion, a PE ratio of 27.63, a P/E/G ratio of 1.35 and a beta of 0.89.

Babcock International Group (LON:BAB) last posted its quarterly earnings data on Monday, June 22nd. The company reported GBX 42.10 earnings per share for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%.The firm had revenue of GBX 517.77 billion during the quarter. Equities research analysts predict that Babcock International Group will post 41.4298019 earnings per share for the current fiscal 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.