Babcock International Group (LON:BAB) Sets New 52-Week High Following Analyst Upgrade

Babcock International Group PLC (LON:BAB) reached 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 ($9.49) and last traded at GBX 710.50 ($9.03), with a volume of 3440798 shares changing hands. The stock had previously closed at GBX 670.50 ($8.52).

A number of other analysts have also commented on the stock. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and set a GBX 565 ($7.18) price objective on shares of Babcock International Group in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 687.50 ($8.74).

Babcock International Group Price Performance

The firm has a market cap of £3.56 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a fifty day moving average of GBX 548.64 and a 200-day moving average of GBX 515.73. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

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.