Babcock International Group (LON:BAB) Price Target Raised to GBX 900 at JPMorgan Chase & Co.

Babcock International Group (LON:BAB) had its target price boosted by JPMorgan Chase & Co. from GBX 760 ($9.66) to GBX 900 ($11.44) in a research note published on Monday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Berenberg Bank restated a “hold” rating and set a GBX 565 ($7.18) price target on shares of Babcock International Group in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 687.50 ($8.74).

Babcock International Group Price Performance

BAB opened at GBX 710.50 ($9.03) on Monday. Babcock International Group has a 12-month low of GBX 455.40 ($5.79) and a 12-month 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 firm has a market capitalization of £3.56 billion, a P/E ratio of 21.50, a PEG ratio of 1.35 and a beta of 1.28. The stock has a fifty day moving average of GBX 548.64 and a 200-day moving average of GBX 515.73.

Babcock International Group Company Profile

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.