Babcock International Group (LON:BAB) Price Target Raised to GBX 1,400 at Royal Bank Of Canada

Babcock International Group (LON:BAB) had its target price hoisted by Royal Bank Of Canada from GBX 1,280 to GBX 1,400 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 46.66% from the stock’s current price.

BAB has been the topic of several other reports. Citigroup upgraded Babcock International Group to a “buy” rating and set a GBX 1,554 price objective on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a research report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Babcock International Group presently has a consensus rating of “Buy” and an average target price of GBX 1,558.80.

Babcock International Group Stock Performance

Shares of BAB traded down GBX 20.80 during mid-day trading on Friday, hitting GBX 954.60. The stock had a trading volume of 31,458,355 shares, compared to its average volume of 13,487,994. The company has a market cap of £4.67 billion, a PE ratio of 17.11, a PEG ratio of 1.35 and a beta of 0.89. The company’s fifty day simple moving average is GBX 1,230.78 and its two-hundred day simple moving average is GBX 1,273.55. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 147.82. Babcock International Group has a fifty-two week low of GBX 836 and a fifty-two week high of GBX 1,527.

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. 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.