Babcock International Group (LON:BAB) Reaches New 1-Year Low – Here’s Why

Babcock International Group PLC (LON:BAB) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 925.52 and last traded at GBX 926, with a volume of 13883045 shares trading hands. The stock had previously closed at GBX 979.40.

Wall Street Analyst Weigh In

BAB has been the subject of several research reports. Citigroup increased their price target on Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price objective on Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,400 target price on shares of Babcock International Group in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of Babcock International Group from GBX 1,280 to GBX 1,400 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 4,306.

Babcock International Group Stock Performance

The company has a market capitalization of £4.51 billion, a PE ratio of 16.52, a PEG ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86. The company has a 50-day moving average price of GBX 1,063.36 and a two-hundred day moving average price of GBX 1,243.37.

Babcock International Group (LON:BAB) last issued its quarterly earnings data on Monday, June 22nd. The company reported GBX 42.10 earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%.The business had revenue of GBX 517.77 billion for the quarter. Analysts predict that Babcock International Group PLC will post 41.4298019 EPS for the current fiscal year.

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.