Babcock International Group (LON:BAB) Price Target Raised to GBX 900

Babcock International Group (LON:BAB - Get Free Report) had its target price lifted by JPMorgan Chase & Co. from GBX 760 ($9.66) to GBX 900 ($11.44) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 26.67% from the company's previous close.

A number of other brokerages have also weighed in on BAB. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research note on Wednesday, November 13th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 565 ($7.18) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 687.50 ($8.74).

Babcock International Group Trading Up 6.0 %

Shares of Babcock International Group stock traded up GBX 40 ($0.51) during trading on Monday, reaching GBX 710.50 ($9.03). 3,440,798 shares of the stock were exchanged, compared to its average volume of 1,915,170. Babcock International Group has a 1 year low of GBX 455.40 ($5.79) and a 1 year high of GBX 746.50 ($9.49). 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 stock's fifty day moving average is GBX 548.64 and its 200 day moving average is GBX 515.73. The firm has a market cap of £3.56 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

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.