Berenberg Bank Cuts Babcock International Group (LON:BAB) Price Target to GBX 1,430

Babcock International Group (LON:BAB) had its price objective trimmed by Berenberg Bank from GBX 1,675 to GBX 1,430 in a research note published on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank Of Canada cut their target price on shares of Babcock International Group from GBX 1,400 to GBX 1,390 and set an “outperform” rating on the stock in a report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,400 price target on shares of Babcock International Group in a research report on Wednesday, July 1st. Finally, Citigroup lifted 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 research 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 4,256.

Babcock International Group Trading Up 1.3%

LON:BAB opened at GBX 1,196.39 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 178.86. Babcock International Group has a 1-year low of GBX 902.40 and a 1-year high of GBX 1,527. The firm has a market capitalization of £5.86 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.35 and a beta of 0.89. The business’s 50-day moving average price is GBX 1,051.34 and its two-hundred day moving average price is GBX 1,196.53.

Babcock International Group (LON:BAB) last posted its earnings results on Monday, June 22nd. The company reported GBX 42.10 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts expect that Babcock International Group will post 41.4298019 earnings per share for the current year.

Insider Activity at Babcock International Group

In other news, insider David Mellors sold 24,804 shares of Babcock International Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 1,144, for a total transaction of £283,757.76. 1.12% of the stock is currently owned by corporate insiders.

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.