Babcock International Group (LON:BAB) Price Target Lowered to GBX 1,390 at Royal Bank Of Canada

Babcock International Group (LON:BAB) had its price target cut by Royal Bank Of Canada from GBX 1,400 to GBX 1,390 in a research note issued to investors on Monday morning,Digital Look reports. They currently have an outperform rating on the stock.

A number of other brokerages have also commented on BAB. JPMorgan Chase & Co. decreased their price objective on Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Citigroup upped their target price on Babcock International Group from £155.40 to £155.60 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,400 price target on shares of Babcock International Group in a research report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Babcock International Group has an average rating of “Buy” and a consensus price target of GBX 4,304.

Babcock International Group Price Performance

BAB opened at GBX 1,037.50 on Monday. The firm has a market capitalization of £5.08 billion, a P/E ratio of 25.12, a PEG ratio of 1.35 and a beta of 0.89. The stock has a fifty day moving average of GBX 1,023.49 and a 200-day moving average of GBX 1,218.53. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86. Babcock International Group has a 12-month low of GBX 902.40 and a 12-month high of GBX 1,527.

Babcock International Group (LON:BAB) last issued its quarterly earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share for the quarter. The business had revenue of GBX 517.77 billion for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%. Equities analysts forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal 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.