JPMorgan Chase & Co. Issues Positive Forecast for Babcock International Group (LON:BAB) Stock Price

Babcock International Group (LON:BAB) had its target price increased by JPMorgan Chase & Co. from GBX 1,600 to GBX 1,700 in a report published on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts also recently weighed in on BAB. Berenberg Bank restated a “buy” rating and issued a GBX 1,670 price objective on shares of Babcock International Group in a report on Friday. Jefferies Financial Group increased their price target on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada raised their price objective on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,580.

Babcock International Group Stock Performance

Babcock International Group stock opened at GBX 1,456 on Monday. The business has a 50 day moving average of GBX 1,278.93 and a 200-day moving average of GBX 1,178.77. The company has a market capitalization of £7.26 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a 1 year low of GBX 510.50 and a 1 year high of GBX 1,527. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

Babcock International Group (LON:BAB) last posted its earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. On average, equities research analysts predict 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. 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.