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

Shares of Babcock International Group PLC (LON:BAB - Get Free Report) hit a new 52-week high during trading 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. The stock had previously closed at GBX 670.50 ($8.64).

BAB has been the subject of several other reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 565 ($7.28) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital restated a "buy" rating 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's stock. According to MarketBeat, Babcock International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 687.50 ($8.86).

Babcock International Group Stock Down 5.3 %

The company has a market cap of £3.57 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. 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's fifty day moving average is GBX 566.49 and its two-hundred day moving average is GBX 521.05.

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.