Brokerages Set Babcock International Group PLC (LON:BAB) Price Target at GBX 1,574.80

Shares of Babcock International Group PLC (LON:BAB) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,574.80.

Several research analysts recently weighed in on BAB shares. Royal Bank Of Canada boosted their target price on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Citigroup downgraded Babcock International Group to a “neutral” rating and upped their target price for the stock from GBX 1,338 to GBX 1,554 in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a research note on Friday, January 23rd. Finally, Jefferies Financial Group increased their target price on Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a report on Monday, January 26th.

Babcock International Group Stock Performance

LON BAB opened at GBX 1,388.49 on Monday. Babcock International Group has a 1-year low of GBX 600.94 and a 1-year high of GBX 1,527. The company has a market capitalization of £6.92 billion, a P/E ratio of 24.88, a PEG ratio of 1.35 and a beta of 0.97. The business has a 50 day moving average price of GBX 1,393.66 and a 200 day moving average price of GBX 1,247.33. The company has a debt-to-equity ratio of 147.82, a current ratio of 0.82 and a quick ratio of 0.76.

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.