Babcock International Group (LON:BAB) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from GBX 557 ($7.33) to GBX 549 ($7.22) in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 9.80% from the stock’s previous close.
A number of other research firms have also recently commented on BAB. Peel Hunt reaffirmed an “add” rating and issued a GBX 668 ($8.79) price target on shares of Babcock International Group in a report on Monday, February 10th. Liberum Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Monday, February 10th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Wednesday. Peel Hunt reiterated an “add” rating and issued a GBX 668 ($8.79) price objective on shares of Babcock International Group in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 825 ($10.85) price objective on shares of Babcock International Group in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 597 ($7.85).
LON:BAB opened at GBX 500 ($6.58) on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 85.12. The stock has a market capitalization of $2.53 billion and a PE ratio of 9.35. The firm’s 50 day moving average is GBX 605.90 and its 200 day moving average is GBX 555.54. Babcock International Group has a 12 month low of GBX 410.10 ($5.39) and a 12 month high of GBX 659.80 ($8.68).
Babcock International Group Company Profile
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
Featured Article: Accumulation/Distribution
Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.