Babcock International Group (LON:BAB) Trading Up 10.9% – Still a Buy?

Babcock International Group PLC (LON:BAB)’s stock price was up 10.9% during mid-day trading on Thursday . The company traded as high as GBX 1,177 ($16.08) and last traded at GBX 1,145.61 ($15.65). Approximately 5,317,567 shares changed hands during trading, a decline of 2% from the average daily volume of 5,408,804 shares. The stock had previously closed at GBX 1,033 ($14.11).

Wall Street Analysts Forecast Growth

BAB has been the topic of several analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 910 ($12.43) target price on shares of Babcock International Group in a report on Wednesday, May 21st. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Babcock International Group from GBX 760 ($10.38) to GBX 900 ($12.30) and gave the company an “overweight” rating in a research report on Monday, March 3rd.

Babcock International Group Stock Up 1.4%

The company has a market cap of £5.82 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.35 and a beta of 1.28. The company’s 50-day moving average is GBX 917.67 and its two-hundred day moving average is GBX 713.34. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76.

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%. As a group, equities analysts predict 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.