Babcock International Group (LON:BAB) had its price objective decreased by research analysts at JPMorgan Chase & Co. from GBX 955 ($12.48) to GBX 772 ($10.09) in a report released on Thursday, March 28th, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 48.35% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Peel Hunt dropped their price objective on Babcock International Group from GBX 760 ($9.93) to GBX 540 ($7.06) and set a “hold” rating for the company in a report on Wednesday, December 19th. Goldman Sachs Group increased their price target on Babcock International Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the company a “buy” rating in a report on Monday, January 21st. Numis Securities reiterated a “buy” rating and issued a GBX 780 ($10.19) price target on shares of Babcock International Group in a report on Tuesday, February 5th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Friday, January 18th. Finally, Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a research report on Friday, November 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Babcock International Group currently has a consensus rating of “Buy” and a consensus price target of GBX 778.75 ($10.18).
Shares of Babcock International Group stock traded down GBX 8 ($0.10) during trading hours on Thursday, reaching GBX 520.40 ($6.80). 897,636 shares of the company’s stock were exchanged, compared to its average volume of 2,170,000. Babcock International Group has a 52-week low of GBX 471.90 ($6.17) and a 52-week high of GBX 868 ($11.34). The firm has a market cap of $2.63 billion and a PE ratio of 10.96. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 58.28.
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.
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