Babcock International Group (LON:BAB) Trading Up 9.5% on Analyst Upgrade

Babcock International Group PLC (LON:BAB) shares rose 9.5% on Wednesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 1,554 price target on the stock. Babcock International Group traded as high as GBX 1,268 and last traded at GBX 1,268. Approximately 2,818,395 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 10,333,276 shares. The stock had previously closed at GBX 1,158.

Several other equities analysts also recently commented on BAB. Jefferies Financial Group lifted their price target on shares of Babcock International Group from GBX 1,400 to GBX 1,670 and gave the company a “buy” rating in a research report on Monday, January 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,670 price objective on shares of Babcock International Group in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Babcock International Group from GBX 1,600 to GBX 1,700 and gave the company an “overweight” rating in a research note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,574.80.

Babcock International Group Trading Up 9.5%

The company has a debt-to-equity ratio of 147.82, a current ratio of 0.82 and a quick ratio of 0.76. The business’s 50 day simple moving average is GBX 1,363.77 and its 200 day simple moving average is GBX 1,284.03. The stock has a market cap of £6.32 billion, a P/E ratio of 22.72, a PEG ratio of 1.35 and a beta of 0.94.

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.