Jefferies Financial Group Reiterates “Buy” Rating for Babcock International Group (LON:BAB)

Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 1,400 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 40.87% from the stock’s previous close.

BAB has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on Babcock International Group from GBX 1,280 to GBX 1,400 and gave the company an “outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. cut their price target on shares of Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Citigroup increased their price target on shares of Babcock International Group from £155.40 to £155.60 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 4,306.

Babcock International Group Trading Up 4.4%

LON BAB traded up GBX 42 on Wednesday, reaching GBX 993.80. The stock had a trading volume of 5,576,904 shares, compared to its average volume of 24,002,521. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86. The stock has a fifty day moving average price of GBX 1,051.01 and a two-hundred day moving average price of GBX 1,239.60. Babcock International Group has a 12-month low of GBX 902.40 and a 12-month high of GBX 1,527. The firm has a market capitalization of £4.86 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.35 and a beta of 0.89.

Babcock International Group (LON:BAB) last released its quarterly earnings results on Monday, June 22nd. The company reported GBX 42.10 EPS for the quarter. The business had revenue of GBX 517.77 billion during the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%. As a group, sell-side analysts forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal year.

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.