Babcock International Group PLC (LON:BAB) Given Consensus Recommendation of “Buy” by Brokerages

Babcock International Group PLC (LON:BAB) has been given a consensus recommendation of “Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,558.80.

BAB has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 1,670 price objective on shares of Babcock International Group in a research report on Friday, January 23rd. Citigroup raised shares of Babcock International Group to a “buy” rating and set a GBX 1,554 target price on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,670 target price on shares of Babcock International Group in a report on Wednesday. Finally, Royal Bank Of Canada increased their price target on shares of Babcock International Group from GBX 1,280 to GBX 1,400 and gave the company an “outperform” rating in a research note on Friday.

Babcock International Group Price Performance

Shares of LON:BAB traded down GBX 30.60 during midday trading on Friday, hitting GBX 944.80. The company’s stock had a trading volume of 591,522,750 shares, compared to its average volume of 19,510,191. The company has a market cap of £4.62 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Babcock International Group has a 12-month low of GBX 836 and a 12-month high of GBX 1,527. The business’s 50 day simple moving average is GBX 1,221.91 and its 200 day simple moving average is GBX 1,271.25. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82.

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.