Babcock International Group (LON:BAB) Price Target Raised to GBX 900

Babcock International Group (LON:BAB) had its price target hoisted by JPMorgan Chase & Co. from GBX 760 ($9.80) to GBX 900 ($11.60) in a research report report published on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

BAB has been the topic of a number of other reports. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.28) price objective on shares of Babcock International Group in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Babcock International Group has a consensus rating of “Moderate Buy” and an average price target of GBX 687.50 ($8.86).

Babcock International Group Price Performance

LON BAB opened at GBX 729.50 ($9.40) on Monday. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. The stock’s 50-day moving average is GBX 556.87 and its two-hundred day moving average is GBX 518.24. The firm has a market cap of £3.66 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a fifty-two week low of GBX 455.40 ($5.87) and a fifty-two week high of GBX 746.50 ($9.62).

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.