Babcock International Group (LON:BAB) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of Babcock International Group (LON:BAB) to a buy rating in a report published on Wednesday morning,London Stock Exchange reports. The brokerage currently has GBX 1,554 target price on the stock.

Other research analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a report on Friday, January 23rd. JPMorgan Chase & Co. upped 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 report on Monday, January 26th. Finally, Jefferies Financial Group lifted their price objective 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, January 26th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,574.80.

Babcock International Group Price Performance

Shares of LON:BAB opened at GBX 1,242.42 on Wednesday. The company has a 50 day moving average of GBX 1,363.77 and a 200 day moving average of GBX 1,284.03. The stock has a market cap of £6.19 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.35 and a beta of 0.94. Babcock International Group has a 12 month low of GBX 600.94 and a 12 month high of GBX 1,527. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 147.82.

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.