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

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 1,400 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 39.93% from the stock’s previous close.

A number of other analysts have also commented on BAB. JPMorgan Chase & Co. cut their price target on Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada increased their price objective on Babcock International Group from GBX 1,280 to GBX 1,400 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Citigroup upgraded Babcock International Group to a “buy” rating and set a GBX 1,554 target price on the stock in a research note on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Babcock International Group currently has an average rating of “Buy” and an average target price of GBX 1,504.80.

Babcock International Group Trading Down 4.3%

BAB opened at GBX 1,000.50 on Monday. The firm’s fifty day moving average is GBX 1,091.02 and its two-hundred day moving average is GBX 1,248.75. The firm has a market cap of £4.89 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Babcock International Group has a twelve month low of GBX 934.76 and a twelve month high of GBX 1,527. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82.

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.