JPMorgan Chase & Co. Lowers Babcock International Group (LON:BAB) Price Target to GBX 1,500

Babcock International Group (LON:BAB) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 1,700 to GBX 1,500 in a report released on Thursday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 58.76% from the stock’s previous close.

A number of other research analysts also recently commented on BAB. Citigroup raised shares of Babcock International Group to a “buy” rating and set a GBX 1,554 price objective on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,670 target price on shares of Babcock International Group in a research note on Wednesday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,670 price target on shares of Babcock International Group in a research note on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,558.80.

Babcock International Group Stock Performance

BAB opened at GBX 944.80 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 147.82. The firm has a market cap of £4.62 billion, a PE ratio of 16.93, a P/E/G ratio of 1.35 and a beta of 0.89. The business has a fifty day simple moving average of GBX 1,221.91 and a 200-day simple moving average of GBX 1,271.25. 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.