Babcock International Group (LON:BAB) Stock Price Up 9.5% Following Analyst Upgrade

Shares of Babcock International Group PLC (LON:BAB) shot up 9.5% on Wednesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 1,554 price target on the stock. Babcock International Group traded as high as GBX 1,268 and last traded at GBX 1,268. 2,818,395 shares changed hands during trading, a decline of 73% from the average session volume of 10,333,276 shares. The stock had previously closed at GBX 1,158.

Several other equities analysts have also weighed in on BAB. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. raised 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. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,670 price objective on shares of Babcock International Group in a report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,574.80.

Babcock International Group Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 147.82. The firm’s fifty day moving average is GBX 1,363.77 and its 200 day moving average is GBX 1,284.03. The company has a market cap of £6.32 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94.

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.