Babcock International Group (LON:BAB) Price Target Raised to GBX 900 at JPMorgan Chase & Co.

Babcock International Group (LON:BAB) had its price target increased by JPMorgan Chase & Co. from GBX 760 ($9.72) to GBX 900 ($11.51) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 29.40% from the company’s current price.

Several other research analysts have also weighed in on BAB. Berenberg Bank reiterated a “hold” rating and set a GBX 565 ($7.23) target price on shares of Babcock International Group in a report on Wednesday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Babcock International Group has a consensus rating of “Moderate Buy” and an average target price of GBX 687.50 ($8.79).

Babcock International Group Trading Down 2.1 %

BAB stock opened at GBX 695.50 ($8.90) on Monday. The business has a fifty day moving average price of GBX 552.95 and a 200 day moving average price of GBX 517.07. The stock has a market capitalization of £3.49 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a fifty-two week low of GBX 455.40 ($5.83) and a fifty-two week high of GBX 746.50 ($9.55). 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 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.