Babcock International Group (LON:BAB) Hits New 52-Week High After Analyst Upgrade

Babcock International Group PLC (LON:BAB) hit a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 760 to GBX 900. JPMorgan Chase & Co. currently has an overweight rating on the stock. Babcock International Group traded as high as GBX 746.50 ($9.62) and last traded at GBX 710.50 ($9.16), with a volume of 3440798 shares traded. The stock had previously closed at GBX 670.50 ($8.64).

Several other brokerages also recently weighed in on BAB. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and set a GBX 565 ($7.28) price target on shares of Babcock International Group in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 687.50 ($8.86).

Babcock International Group Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The firm has a market capitalization of £3.66 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a fifty day moving average price of GBX 556.87 and a two-hundred day moving average price of GBX 518.24.

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.