Babcock International Group PLC (LON:BAB) Receives GBX 1,574.80 Average Price Target from Brokerages

Shares of Babcock International Group PLC (LON:BAB) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is GBX 1,574.80.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a research report on Monday, January 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 upped their target price 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, Citigroup upgraded shares of Babcock International Group to a “buy” rating and set a GBX 1,554 price target on the stock in a research report on Wednesday, April 1st.

Babcock International Group Stock Performance

Shares of BAB opened at GBX 1,186 on Tuesday. The firm has a market capitalization of £5.85 billion, a P/E ratio of 21.25, a PEG ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 147.82, a current ratio of 0.82 and a quick ratio of 0.76. Babcock International Group has a one year low of GBX 781 and a one year high of GBX 1,527. The business has a fifty day moving average of GBX 1,306.71 and a 200 day moving average of GBX 1,285.24.

Babcock International Group Company Profile

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.