Babcock International Group’s (BAB) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Babcock International Group (LON:BABGet Rating)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research note issued on Friday, Marketbeat reports. They currently have a GBX 480 ($5.92) price objective on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 53.16% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating on shares of Babcock International Group in a research note on Wednesday, May 11th. Shore Capital reiterated a “hold” rating on shares of Babcock International Group in a research note on Friday, February 25th. Finally, Barclays reiterated an “equal weight” rating and issued a GBX 356 ($4.39) price target on shares of Babcock International Group in a research note on Friday, March 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 393.75 ($4.85).

Shares of Babcock International Group stock opened at GBX 313.40 ($3.86) on Friday. Babcock International Group has a 52-week low of GBX 253.60 ($3.13) and a 52-week high of GBX 388.47 ($4.79). The company has a 50 day moving average of GBX 321.17 and a 200 day moving average of GBX 318.39. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 560.73. The company has a market capitalization of £1.58 billion and a P/E ratio of -1.94.

About Babcock International Group (Get Rating)

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.

See Also

Analyst Recommendations for Babcock International Group (LON:BAB)

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.