Berenberg Bank Reaffirms “Buy” Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 910 ($12.21) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 1.68% from the stock’s current price.

BAB has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Babcock International Group from GBX 760 ($10.20) to GBX 900 ($12.08) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, April 23rd.

Babcock International Group Trading Up 0.6%

Shares of BAB stock opened at GBX 895 ($12.01) on Wednesday. Babcock International Group has a 12-month low of GBX 455.40 ($6.11) and a 12-month high of GBX 895 ($12.01). The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62. The stock’s 50-day moving average price is GBX 771.20 and its 200-day moving average price is GBX 628.62. The stock has a market capitalization of £4.49 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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.