Berenberg Bank reaffirmed their buy rating on shares of Babcock International Group (LON:BAB – Free Report) in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a GBX 1,670 target price on the stock.
Other analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price objective 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. increased their price target on shares of Babcock International Group from GBX 1,450 to GBX 1,500 and gave the company an “overweight” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,400 price target on shares of Babcock International Group in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,462.50.
Get Our Latest Research Report on Babcock International Group
Babcock International Group Stock Up 0.1%
Babcock International Group (LON:BAB – Get Free Report) last released its earnings results on Friday, November 21st. The company reported GBX 28.50 EPS 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 forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal year.
Key Stories Impacting Babcock International Group
Here are the key news stories impacting Babcock International Group this week:
- Positive Sentiment: Berenberg Bank has reaffirmed a “buy” rating and set a GBX 1,670 price target, giving formal broker support for upside versus current levels. Berenberg reaffirms buy
- Positive Sentiment: Management succession announced: the long‑serving CEO will retire at year‑end and an internal executive (head of the nuclear unit) will succeed him — presented as a planned handover after a period of transformation, which reduces execution risk from abrupt leadership change. CEO succession announced
- Positive Sentiment: Trading update: Babcock reported strong quarterly trading and reiterated its full‑year margin expectations, signaling confidence in execution and the outlook — a catalyst for investor confidence in near‑term earnings. Company confident on full year outlook
- Positive Sentiment: Order/contract news: Babcock agreed with Indonesia for two more Arrowhead 140 frigates, which supports backlog growth and recurring defence revenue. Indonesia frigate agreement
- Neutral Sentiment: Sector/regulatory context: coverage noting SMEs’ role in UK defence resilience is relevant to Babcock’s supply‑chain and contract environment but has no immediate company‑specific impact. SMEs and defence resilience
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.
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