Babcock International Group (LON:BAB) Lowered to “Neutral” Rating by Citigroup

Babcock International Group (LON:BAB) was downgraded by research analysts at Citigroup to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 1,554 price target on the stock, up from their previous price target of GBX 1,338. Citigroup’s price target indicates a potential upside of 4.79% from the company’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada increased their target price on shares of Babcock International Group from GBX 1,200 to GBX 1,280 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. boosted their target price on Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a report on Monday, January 26th. Berenberg Bank reissued a “buy” rating and set a GBX 1,670 price objective on shares of Babcock International Group in a research report on Friday, January 23rd. Finally, Jefferies Financial Group increased their target price on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the stock a “buy” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Babcock International Group has an average rating of “Moderate Buy” and an average price target of GBX 1,574.80.

Babcock International Group Stock Up 1.0%

Babcock International Group stock traded up GBX 15 during midday trading on Thursday, reaching GBX 1,483. The company’s stock had a trading volume of 5,996,152 shares, compared to its average volume of 11,562,887. The company has a market cap of £7.39 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.35 and a beta of 1.28. 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 business has a 50-day simple moving average of GBX 1,324.43 and a 200-day simple moving average of GBX 1,196.94. Babcock International Group has a fifty-two week low of GBX 537 and a fifty-two week high of GBX 1,527.

Babcock International Group (LON:BAB) last issued its earnings results on Friday, November 21st. The company reported GBX 28.50 earnings per share for the quarter. Babcock International Group had a return on equity of 44.68% and a net margin of 3.77%. On average, research analysts expect that Babcock International Group 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.