Babcock International Group (LON:BAB) Hits New 1-Year High – What’s Next?

Babcock International Group PLC (LON:BAB)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,332 and last traded at GBX 1,331, with a volume of 3524947 shares trading hands. The stock had previously closed at GBX 1,280.96.

Analyst Ratings Changes

A number of research firms recently weighed in on BAB. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,400 price objective on shares of Babcock International Group in a research note on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Babcock International Group from GBX 1,450 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Berenberg Bank increased their price objective on shares of Babcock International Group from GBX 1,360 to GBX 1,440 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group has a consensus rating of “Buy” and a consensus price target of GBX 1,405.

Babcock International Group Stock Down 0.3%

The business’s fifty day moving average price is GBX 1,200.19 and its two-hundred day moving average price is GBX 1,142.07. 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 firm has a market capitalization of £6.90 billion, a P/E ratio of 24.80, a PEG ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last posted its earnings results on Friday, November 21st. The company reported GBX 28.50 EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. Equities analysts expect that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

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. 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.