Babcock International Group (LON:BAB) Rating Lowered to Neutral at Citigroup

Babcock International Group (LON:BAB) was downgraded by investment analysts at Citigroup to a “neutral” rating in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 1,554 target price on the stock, up from their prior target price of GBX 1,338. Citigroup’s price objective would suggest a potential upside of 11.80% from the company’s current price.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada upped their price objective on Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Berenberg Bank restated a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a research report on Friday, January 23rd. Jefferies Financial Group increased their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,574.80.

Babcock International Group Trading Down 2.3%

LON BAB opened at GBX 1,390 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The stock has a market capitalization of £6.93 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a 52-week low of GBX 537 and a 52-week high of GBX 1,527. The firm has a 50-day moving average price of GBX 1,336.49 and a 200 day moving average price of GBX 1,201.15.

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