Babcock International Group (LON:BAB) Shares Up 10.9% – What’s Next?

Babcock International Group PLC (LON:BAB)’s share price shot up 10.9% on Wednesday . The company traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). 5,317,567 shares were traded during trading, a decline of 2% from the average session volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.11).

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BAB. JPMorgan Chase & Co. increased their price target on Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the stock an “overweight” rating in a report on Monday, March 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 910 ($12.43) price target on shares of Babcock International Group in a report on Wednesday, May 21st. Finally, Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Thursday, May 29th.

Babcock International Group Stock Performance

The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a fifty day simple moving average of GBX 917.67 and a two-hundred day simple moving average of GBX 713.34. The stock has a market capitalization of £5.82 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last issued its earnings results on Wednesday, June 25th. The company reported GBX 50.30 ($0.69) EPS for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. Analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

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.