Babcock International Group (LON:BAB) Price Target Raised to GBX 1,500 at JPMorgan Chase & Co.

Babcock International Group (LON:BAB) had its price objective lifted by JPMorgan Chase & Co. from GBX 1,450 to GBX 1,500 in a research report released on Monday, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

BAB has been the subject of a number of other reports. Berenberg Bank lifted their price objective on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the company a “buy” rating in a report on Friday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,400 target price on shares of Babcock International Group in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,200 price target on shares of Babcock International Group in a report on Monday, September 8th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group has a consensus rating of “Buy” and an average target price of GBX 1,385.

Babcock International Group Stock Performance

LON:BAB opened at GBX 1,132 on Monday. Babcock International Group has a 1-year low of GBX 478.70 and a 1-year high of GBX 1,332. 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 has a market cap of £5.65 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The stock’s 50-day moving average is GBX 1,207.85 and its 200-day moving average is GBX 1,086.67.

Babcock International Group (LON:BAB) last issued its quarterly earnings data on Friday, November 21st. The company reported GBX 28.50 earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. Equities research analysts anticipate that Babcock International Group will post 41.4298019 earnings per share for the current 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.