Berenberg Bank Reiterates Buy Rating for Babcock International Group (LON:BAB)

Berenberg Bank reiterated their buy rating on shares of Babcock International Group (LON:BAB) in a research note published on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 910 ($12.32) price objective on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Babcock International Group from GBX 760 ($10.29) to GBX 900 ($12.18) and gave the company an “overweight” rating in a research report on Monday, March 3rd. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, April 23rd.

Babcock International Group Stock Performance

Shares of LON:BAB opened at GBX 903 ($12.22) on Wednesday. The company’s 50 day simple moving average is GBX 774.28 and its 200 day simple moving average is GBX 631.64. The stock has a market capitalization of £4.53 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 256.62, a current ratio of 0.86 and a quick ratio of 0.76. Babcock International Group has a 1 year low of GBX 455.40 ($6.16) and a 1 year high of GBX 906 ($12.26).

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.